Representatives of large nations recently met to determine how much each country should buy or sell in other countries' currencies in order to raise the value of the Chinese yuan. This hypothetical meeting is an example of:

Question

Quizplus · Accepted Answer

Coordinated intervention involves multiple countries working together to achieve a common goal, such as raising the value of a currency. This scenario describes representatives of large nations meeting to determine currency exchange actions, indicating a coordinated effort. Fixed intervention involves a central bank setting a fixed exchange rate, while direct intervention involves a central bank actively buying or selling its own currency in the foreign exchange market. Financial intervention is a broad term that could refer to any action taken by a government or central bank to influence economic conditions. Divine intervention is not a relevant option in this context.

Representatives of Large Nations Recently Met to Determine How Much