Identify the most important components of the official international reserves of a central bank?
What will be an ideal response?
Answer: Official reserves consist of three major components: foreign exchange reserves, gold reserves, and IMF-related reserve assets, with the first being by far the most important component. Foreign exchange reserves are all the foreign currency denominated assets the central bank holds, and mostly consist of foreign government bonds.
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The primary purpose of the balance sheet is to:
a. Report the current value of the business. b. Measure the net income of a business up to a particular point in time. c. Report the difference between cash inflows and cash outflows for the period. d. Report the financial position of the reporting entity at a particular point in time.
Robust product design ______.
a. helps avoid disruptions in production due to significant changes in inputs b. was pioneered by Genichi Taguchi c. was used by Henry Ford in his original assembly line system of production d. is used to protect market share
The ________ Act of 2003 permits consumers to place fraud alerts on their credit files.
A. Fair Debt Collection Practices B. Fair Credit Billing C. Fair and Accurate Credit Transactions D. Fair Credit Reporting
The ratio at which Australian dollars are converted into Indonesian rupiah is known as the ________ rate
A) interest B) exchange C) international D) export E) depreciation