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Business, 18.03.2021 02:10 yay47

If China were to move to a fully convertible currency, ending currency sterilization, and assuming no change in the current account or capital/Finance Accounts of the Balance of Payments, which of the following would be likely to happen? a. The Chinese yuan would weaken
b. Their foreign exchange reserves would grow significantly
c. Their foreign exchange reserves would contract significantly
d. The Chinese yuan would strengthen

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