Economics · May / June 2024 · Paper 12 · Question 28
The diagram shows the market for the Chinese yuan (¥) priced in US dollars ($). What could have caused the change in demand for the yuan from D₁ to D₂?
- Aa decrease in foreign direct investment in China
- Ba decrease in the level of tariffs levied by China on imports
- Can increase in the buying of yuan by central banks
- Dan increase in the Chinese rate of interest
As printed in the paper
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Correct answer: A. a decrease in foreign direct investment in China
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