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Fill in the blanks by using the words in parentheses! If the European Central Bank...

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Finance

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Fill in the blanks by using the words in parentheses! If the European Central Bank (ECB) wanted to weaken the Euro compared to the Dollar, it would |(buy/sell) Euros and (buy/sell) dollars. They can sterilize this transaction by (buying/selling) European government bonds. Weakening the Euro would promote European (exports/imports) and (lower/raise) the European current account balance. In the past three month, the price of the British pound (GBP) in Norwegian Krone (NK) has changed from NK 10.4 /GBP to NK 13.7 / GBP. How much did the NK appreciate/depreciate compared to the GBP? Provide your answer in percent, rounded to two decimals, omitting the % sign. Indicate appreciation with a positive and depreciation wit a negative number

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