As of October 2012, which of the following was true?
A) deposits of foreign governments and international organizations > bank reserves > currency in circulation
B) currency in circulation > bank reserves > deposits of foreign governments and international organizations
C) bank reserves > currency in circulation > deposits of foreign government and international organizations
D) currency in circulation > deposits of foreign governments and international organizations > bank reserves
C
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If a central bank is said to be leaning against the wind, they have signaled that they will
A) intervene to reverse the current trend of their currency. B) intervene to accelerate the current trend of their currency. C) not intervene in the currency markets at all. D) work together with their opposition even if it is politically difficult.
If Europe and Japan experience rapid growth in their incomes, other things constant, this will cause
a. a decrease in the exports of the United States. b. an increase in the exports of the United States. c. a decrease in the national income of the United States. d. a decrease in aggregate demand in the United States.