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QUESTION 12 In order to calculate a cross exchange rate between currencies X...

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Question

Finance

QUESTION 12

  1. In order to calculate a cross exchange rate between currencies X and Y, both X and Y must have a known exchange rate with a third currency.

    True

    False

QUESTION 13

  1. Suppose that Japan wishes to use sterilized market intervention to devalue the yen. Japan's central bank would ____ yen and simultaneously_____Japanese treasury securities.

    buy, buy

    sell, sell

    sell, buy

    buy, sell

QUESTION 14

  1. One reason that governments may participate in market intervention is to reduce exchange rate risk.

    True

    False

QUESTION 15

  1. The US government uses indirect market invervention more frequently than direct market intervention.

    True

    False

PLEASE ONLY ANSWER IF YOU ARE 100% SURE AND ANSWER THEM ALL. IF YOU ONLY ANSWER ONE I WILL REPORT YOU.

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