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.
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.
A
举一反三
- In order to maintain exchange rate stability, central banks often intervene in the foreign exchange market by buying and selling foreign exchange. When the local currency exchange rate (), they sell foreign exchange and withdraw local currency. A: depreciates B: appreciates C: is fixed D: none of the above
- Following an expansion of the money supply, a government committed to<br/>maintaining a fixed exchange rate must ____. A: accept a surplus in its current account. B: not use sterilized intervention. C: increase its level of government expenditure and autonomous<br/>investments. D: intervene in the foreign exchange market to sell foreign currency and<br/>buy domestic currency.
- One disadvantage of gold as the basis for a currency is A: gold is difficult to transport in large quantities. B: a new discovery of gold could quickly change the value of the currency. C: a gold standard can be costly to maintain if the currency comes under speculation. D: all of the above.
- A convertible currency is a currency that may be freely exchanged for______. ( ) A: national currency. B: only silver. C: only copper. D: foreign currencies.
- The __________ price is used for people to sell a currency pair and reflects how much the market will pay for the quote currency in relation to the base currency.
内容
- 0
A bond that makes payments in a certain currency contains the risk of holding that currency and so is priced according to the yields of similar bonds in that currency.（ ）
- 1
In Forex, the counter currency represents how much of the quote currency is needed for you to get one unit of the counter currency. True or false?
- 2
In order to prevent home currency from appreciating, a central bank need _________。( ) A: sell domestic currency B: purchase domestic currency C: purchase foreign currency D: issue more money
- 3
If a person buys or sells a currency pair, he buys or sells the base currency.
- 4
If a person buys or sells a currency pair, he buys or sells the counter currency.