macroeconomics- china downfall

Aug 13th, 2016
Studypool Tutor
Harvard University
Price: $5 USD

Tutor description

yuan devaluation , reasons , and future explained with graphs and charts

Word Count: 934
Showing Page: 1/21
DEVALUATION OF CHINESECURRENCY (YUAN)Presented byKARANDEEP SINGH2013CE10350A BRIEF DETAILS ABOUT CHINACAPITALBEIJINGLARGEST CITYSAHANGAIOFFICIAL LANGUAGESTANDARD CHINESEGOVERNMENTSOCIALIST SINGLE PARTY STATELEGISLATURENATIONAL PEOPLES CONGRESSAREA95,96,961 SQUARE KMGDP$ 11.212 TRILLIONPER CAPITA INCOME$ 8,154CURRENCYYUAN OR RENMINBI $1= 6.17 YUANINTRODUCTIONThe people of China is a sovereign state in East Asia withpopulation of over 1.35 billionThe PRC is a single party state governed by the communist partyof ChinaChina is worlds largest exporter and second largest importer ofgoodsCURRENCYCurrency refers to money in any form when in actual use orsomething that is used as a medium of exchange.In todays economy a currency is generally accepted form ofmoney, including coins and paper notes, which is issued by agovernment and circulated within an economy. Used as amedium of exchange for goods and services, currency is thebasis for trade.It can be classified into fiat money and commodity money.EXCHANGE RATEA price of a nations currency in terms of another currency.An exchange rate has two components i.e. Domestic currencyand Foreign Currency.Exchange rate could be determined through (a)Fixed &(b) Floating.DEVALUATION & REVALUATIONDevaluation means a deliberate downward adjustment to thevalue of a countrys currency, relative to another

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1823 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors