Why would a central bank buy or sell foreign currency?
What will be an ideal response?
Answer: When a central bank buys (sells) foreign currency, its international reserves increase (decrease), and the money supply increases (decreases) simultaneously.
You might also like to view...
A salesperson can improve sales by personalizing relationships with customers.
Answer the following statement true (T) or false (F)
A budget is best described as:
A. An informal statement of company's future plans usually expressed in monetary terms. B. A master control device. C. The minimum acceptable performance level. D. A formal statement of a company's future plans usually expressed in monetary terms. E. The most crucial component of a company's evaluation process.
The Fourth Amendment prohibits unreasonable searches and seizures
a. True b. False
Union certification is granted by the NLRB if:
a. more than 50 percent of the employees of a company vote for the union b. more than 30 percent of the employees of a company vote for the union c. the manager of the company applies for it d. the union organizer applies for it e. none of the other choices are correct