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Author Question: Assume that there is a currency flow deficit and that the Bank of England intervenes in the foreign ... (Read 36 times)

karlynnae

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on: May 25, 2020

Question 1

All currencies other than the domestic currency of a given country are referred to as
◦ foreign currency.
◦ near monies.
◦ reserve currency.
◦ hard currency.

Question 2

Assume that there is a currency flow deficit and that the Bank of England intervenes in the foreign exchange market to prevent the pound depreciating. Which of the following does it do?
◦ Buys foreign currencies into the reserves.
◦ Conducts open-market operations to increase the money supply.
◦ Reduces interest rates.
◦ Sells foreign currencies from the reserves.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by karlynnae on May 25, 2020

nmyers

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karlynnae

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

jamesnevil303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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