Eli5 Why is the value of the Chinese Yuan small compared to other countries (excluding US) even though it has the second largest economy in the world?
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An economy is a pizza, the currency is how many slices it gets cut up into. A small pizza could be cut in half. An XL pizza could be cut into 20 slices. Each half of the small pizza might be larger than one of the 20 slices, but the XL pizza as a whole is still larger.
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