Yuan Falls on Report Beijing Considering Weaker Currency

Yuan Falls on Report Beijing Considering Weaker Currency

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses China's strategy for managing its currency, focusing on the need for a weaker yuan to support exports. It highlights the gradual approach China is taking to avoid capital flight, contrasting it with past rapid depreciations. The discussion emphasizes the importance of a stable economic strategy, noting that recent adjustments have been minimal, indicating a cautious policy stance.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason China wants to weaken its currency?

To support the property market

To boost exports

To increase domestic consumption

To attract foreign investment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does China plan to achieve a weaker yuan?

By imposing strict capital controls

By increasing interest rates

Through a gradual and controlled process

By rapidly devaluing the currency

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current pace of China's currency depreciation strategy?

Unpredictable and erratic

Rapid and aggressive

Moderate and steady

Slow and cautious

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action has China taken regarding the reference rate this year?

Lowered it by 1.5%

Increased it by 5%

Kept it unchanged

Raised it by 2%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential future approach China might take with its currency policy?

Reverse the depreciation

Maintain the current pace

Accelerate the depreciation slightly

Halt all currency interventions