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An Unsterilized Foreign-Exchange Intervention Occurs

Question 12

Multiple Choice

An unsterilized foreign-exchange intervention occurs


A) whenever a central bank purchases or sells domestic currency.
B) whenever a central bank purchases or sells foreign currency.
C) whenever a central bank allows the monetary base to respond to the sale or purchase of domestic currency.
D) whenever a central bank fails to reduce its holdings of gold by the amount of a foreign-exchange purchase.

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