Questions to answer: 1. Why would the Chinese government wish the renminbi to b

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Questions to answer:
1. Why would the Chinese government wish the renminbi to become a global currency? What are the costs and benefits of that greater global role?
2. What are the theoretical requirements in order for a currency to be considered internationalized or global?
3. At what stage is the Chinese renminbi in its globalization process? What is keeping it from becoming fully globalized?
I attached the material. Please answer the question in detail and based on the material that I provide. Thank you

 

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