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Would an increase in yuan in exchange for the dollar be good news or bad news for U.S. firms such as Apple and Yum Brands
Would an increase in yuan in exchange for the dollar be good news or bad news for U.S. firms such as Apple and Yum Brands (which owns KFC and Pizza Hut) that have stores or restaurants in China? Briefly explain. A. Good news, because they will earn more dollars when they convert an appreciated yuan into U.S. dollars. B. Bad news, because goods produced by Chinese competitors become less expensive. C. Good news, because the purchasing power of American consumers increases. D. Bad news, because sales in China are now worth less when converted to U.S. dollars
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