Question

Which of the following best characterizes the value of the Chinese yuan relative to the U.S dollar over the last decade? Multiple Choice a.The yuan has been steadily appreciating relative to the U.S. dollar. b.The yuan and the dollar have been more or less in lockstep for the last 10 years. c.The dollar has been gaining value against the yuan. d.The yuan appreciated sharply against the dollar from 2005 to 2015 before dropping off.

Answer 1

the yuan has been steadily appreciating relative to the U.S. dollar

Step-by-step explanation:

The yuan over the last decade has been steadily appreciating relative to the United States dollar. Take for example, from year 2005 to 2015, which is a ten year space, the value of the Chinese yuan when weighed against the United States Dollar changed from 8.27 yuan per one United States dollar to 6.0875 yuan to a dollar.

Answer 2

a.The yuan has been steadily appreciating relative to the U.S. dollar.

Step-by-step explanation:

The Chinese yuan has gained steadily against the United States dollars. For example, from 2017 till present, the yuan has gained by about 10% against the United States dollars.