_____ and China signed a agreement to trade in their own currencies, erasing the usage of the US dollar as intermediary.

A. Malaysia
B. Brazil
C. Turkiye
D. None of these

Answer

Correct Answer: B. Brazil


Detail About MCQs

The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar.

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