Multiple Choice
If the Federal Reserve buys $3 billion worth of Japanese yen,$6 billion of euros,and sells $5 billion of British pounds,how does this affect the balance of payments?
A) Falls by $4 billion
B) Rises by $4 billion
C) Rises by $9 billion
D) Falls by $5 billion
Correct Answer:
Verified
Correct Answer:
Verified
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