Economics · May / June 2025 · Paper 11 · Question 29
In the diagram, D is the demand curve for the Chinese yuan and S is the supply curve of the Chinese yuan. The Chinese central bank wishes to set the price of the yuan at P1. Which action would it have to take?
- Abuy XY yuan
- Bbuy XZ yuan
- Csell XY yuan
- Dsell XZ yuan
As printed in the paper
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Correct answer: B. buy XZ yuan
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