Statement reflects income-expenses in accordance with gaap

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Reference no: EM131820686

1. The income statement reflects income and expenses in accordance with GAAP. (T/F)

2. The role of official reserves is enhanced under a fixed exchange rate regime in that large amounts are needed to defend the currency. a) True b) False

3. The RMB has a two-market structure, onshore and offshore. a) True b) False

Reference no: EM131820686

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