A currency is undervalued if its exchange rate vis--vis a foreign ...

[eruditmonkey@yahoo.com]

A currency is undervalued if its exchange rate vis--vis a foreign currency is:
 
  A) not pegged. B) at the equilibrium exchange rate.
  C) above the equilibrium exchange rate. D) below the equilibrium exchange rate.

Question 2

Which of the following policy tools is directly controlled by the Trading Desk at the Federal Reserve Bank of New York?
 
  A) the spread between the discount rate and the federal funds rate
  B) the spread between the federal funds rate and the interest rate on banks' required reserves
  C) open market sales and purchases
  D) the required reserve ratio

[cuttiesgirl16]

Answer to Question 1

D

Answer to Question 2

C

[eruditmonkey@yahoo.com]

Thanks for the timely response, appreciate it

[Hdosisshsbshs]

Excellent