A foreign exchange intervention with an offsetting open market operation that leaves the monetary base unchanged is called
A) an unsterilized foreign exchange intervention.
B) a sterilized foreign exchange intervention.
C) an exchange rate feedback rule.
D) a money neutral foreign exchange intervention.
B
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For people with very low incomes, the Earned Income Tax Credit operates like a(n):
A. wage subsidy. B. lump sum transfer. C. tax on wages. D. in-kind transfer.
The largest expenditure component of the federal budget is spending on
A) the military. B) foreign aid. C) environmental protection programs. D) entitlement programs.
Graphically, consumer surplus is the area:
a. above the demand curve. b. below the supply curve. c. under the demand curve and the supply curve. d. above the market supply curve and under the equilibrium price. e. under the market demand curve and above the equilibrium price.
The cash price at your local elevator is $3.60/bu for corn. The relevant (nearby) futures contract for corn is the December contract and it is valued today at $3.50/bu. The "basis" for this location (market) is:
a. $0.50/bu b. -$0.50/bu c. $0.10/bu d. -$0.10/bu