The purchase of foreign currency by a central bank will tend to cause ________
A) an appreciation of the domestic currency
B) a depreciation of the domestic currency
C) an increase in the value of foreign exchange, but no change in the value of the domestic currency
D) a decrease in the value of foreign exchange, but no change in the value of the domestic currency
B
You might also like to view...
An increase in the price level is defined as
A) a recession. B) a growth boom. C) inflation. D) an expansion.
Which of the following is true about specific performance?
a. It is an amount paid by a breaching party to the suffering party to cover the latter's loss. b. It arises in situations which involve written promises. c. It is usually ordered by the court when the economic value of the transaction is difficult to quantify. d. It is common in case of contracts having a negative influence on the society as a whole.