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Chinese monetary unit - the monetary unit in the People's Republic of China
monetary unit - a unit of money
kwai, yuan - the basic unit of money in China
jiao - 10 jiao equal 1 yuan in China
fen - 100 fen equal 1 yuan in China
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Inflation has a lot of impact on monetary unit assumption. Inflation greatly reduces the value of a monetary unit and acts as a hidden tax on consumers.
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