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ENGLISH

I. Do you know these: $ £ € S. /?

Yes, I do know, are moneyII. Complete with sirtable words

1. Yuan is a currency in China 2. Surplus is not as same as déficit3. Yuan per U.S dollar UNTIL 20094. Rise, increase and go up  are scnonism

5. China’s resenses were $1 trillion6. Buy is same as purchase 

7. Sol is a peruvian currency

III. MATCH

1. The Price of a dollar insoles is known

2. Yuan is a Chinese3. Exchange café is

Spanish4. A dollar is

5. To peg is like6. Déficit isn't same as7. China saves more tan8. A synonym of fall

a. As Exchange rateb. Surplus

c. Is tipo of cambiod. S./3.20

e. To fixf. Invest

g. Currencyh. Is go down or decrease

The sinking dollarYesterday I was in macroeconomicclass, ourteacherexplaineduswhatwas

Exchange rate.He wroteontheboard, something like this

Exchange rate

It means that one dollar is equaltothree soles and thirtycents. After a longclass I

wrotesome notes relatedto China and the United States, Exchange rates:1. China’s Exchange rate waspegged at 8:28 yuan per US dólar until 2010,

accordingto oficial data.2. In July 2010, the yuan wasappreciated(the dollar depreciated) by 2.1

percent.

3. SinceJuly 2010, the yuan has risenagainstthe dollar( The dollar hasfallen againstthe yuan)

China déficit dollar purchase go up $1 trillion peruvian

1$= s./3.30

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4. The people’s Bank of China buys US dollars in theforeign Exchange

market: so there has been a stronggrow in reserves.

 Americans are concernedaboutthe yuan because China has largetrade surpluswith theUnitedStates. But, China’s currentaccount surplus is not large and is a

fraction of thelarge US currentaccount déficit.

 At theendtheteacherpointedout:

1. A currentaccount déficit resultsfromtoo Little private andgovenmentsavingrelativetoinvestment.

2. China saves more tan itinvests, and theUnitedStatesInvests more tan it

saves.

3. The maineffect of theappreciation of the yuan will be, tooslow China’sinflation rate relativetothe US inflation rate.

So I havetostudy a lottonigh, themidtemwill be in a month

Caver these questions

1. Accordingtothe Reading howmuch is a dollar?2. Whatdidtheteacherexplain in class?3. Didthe yuan depreciated in 2010?

4. Are Americansworryabouttheyuan ?5. Has China a smalltrade surplus?6. Whatdidthe Bank of China do in theforeign Exchange market?

7. Did you like the Reading?