By selling dollars in foreign currency markets, the Reserve Bank of Australia would increase the value of the Australian dollar relative to other currencies.

Name: By selling dollars in foreign currency markets, the Reserve Bank of Australia would increase the value of the Australian dollar relative to other currencies.
Brand: Quizplus
Rating: 4.9 (65 reviews)

Question

Quizplus · Accepted Answer

Selling dollars in foreign currency markets decreases the demand for Australian dollar and therefore the value of the Australian dollar relative to other currencies would decrease.

By Selling Dollars in Foreign Currency Markets, the Reserve Bank