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ice5192 ice5192
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6 years ago
For a country with a fixed exchange rate, foreign exchange reserves are
A) an asset of the domestic government.
B) a liability of the domestic government.
C) held by private banks.
D) unnecessary.
E) dictated by the trade balance.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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Blade73Blade73
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6 years ago
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ice5192 Author
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#2
5 years ago
Yes, correct
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