If the U.S. dollar depreciates against the yen below the targeted exchange rate, the U.S. Federal Reserve has to intervene in the foreign exchange market such that:

a. the U.S. demand for yen rises.
b. the supply of U.S. dollars rises.
c. U.S. exports to Japan fall.
d. the U.S. dollar is devalued.
e. the supply of U.S. dollars falls.


e

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