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shayeshaye00 shayeshaye00
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3 years ago
Assume that there is a currency flow deficit and that the Bank of England intervenes in the foreign exchange market to prevent the pound depreciating. Which of the following does it do?

▸ Buys foreign currencies into the reserves.

▸ Conducts open-market operations to increase the money supply.

▸ Reduces interest rates.

▸ Sells foreign currencies from the reserves.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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qwer34qwer34
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3 years ago
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shayeshaye00 Author
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3 years ago
Thank you, thank you, thank you!
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