A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2019 · Q271 Mark
Which aim would be consistent with a government’s decision to buy its own currency in foreign exchange markets?
Aan appreciation under a freely floating exchange rate system
Ban appreciation under a managed float exchange rate system
Cdepreciation under a fixed exchange rate system
Ddevaluation under a managed float exchange rate system
✓ Correct answer
B: an appreciation under a managed float exchange rate system
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