Business
Business, 28.11.2019 04:31, zachcochran2007

The u. s. has recently imposed trade restrictions on china; prohibiting the import of many chinese goods. assume china did not retaliate (i. e. impose tariffs on imports of u. s. goods into china). if this is the only factor affecting the u. s. dollar/chinese yuan renminbi exchange rate, we should expect the chinese yuan renminbi to depreciate relative to the u. s. dollar. indicate whether you believe the last statement is true or false, and then defend your answer.

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