VOICED: Currency war threat looms over G20 ministers' meeting

VOICED: Currency war threat looms over G20 ministers' meeting

Assessment

Interactive Video

Business

10th Grade - University

Hard

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Quizizz Content

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Finance ministers and bank chiefs from major economies aim to guide global growth but face challenges from potential currency wars. The US and China are at odds over the yuan's value, with the US pushing for faster appreciation and China resisting foreign interference. The US may use quantitative easing to lower the dollar, prompting criticism from China. As countries try to keep currencies low, investors flock to emerging markets, causing volatility. Japan has intervened to control the yen's rise, raising concerns about protectionism. The G20 must address these imbalances to ensure global cooperation and growth.

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3 mins • 1 pt

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