Although central banks are responsible for foreign-exchange policy, they have no power to intervene in exchange rate markets.

Name: Although central banks are responsible for foreign-exchange policy, they have no power to intervene in exchange rate markets.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Central banks do have the power to intervene in exchange rate markets by buying or selling currencies in order to influence their value. This is known as foreign exchange intervention.

Although Central Banks Are Responsible for Foreign-Exchange Policy, They Have