中等ECON-INTA-006
If the HKD appreciates against the RMB, the most likely effect on Hong Kong's domestic exports to the Mainland is:
A. Increase in volume as HK goods become cheaper to Mainland buyers
B. Decrease in volume as HK goods become more expensive to Mainland buyers✓ 答案
C. No change as trade is invoiced in USD
D. Increase in value but decrease in volume
解說
HKD appreciation = RMB depreciation. HK goods cost more RMB → Mainland demand falls. Volume decreases. Invoicing in USD doesn't eliminate the relative price effect.