Multiple Choice
If the Fed announces that it will decrease the U.S. interest rates, and European Central Bank takes no action, then the value of euro will ____ against the value of U.S. dollar. The Fed's action is called ____ intervention.
A) appreciate; direct
B) depreciate; direct
C) appreciate; indirect
D) depreciate; indirect
Correct Answer:
Verified
Correct Answer:
Verified
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