Q. If there is a decline in output, to keep the exchange rate fixed, the central bank has to:

  • (A) Purchase foreign assets
  • (B) Purchase domestic assets.
  • (C) Sell domestic assets.
  • (D) Sell foreign assets.
✅ Correct Answer: (D) Sell foreign assets.

Published by Ram Sharma ⭐ 193.88K Points at 04-Jun-2022 05:34 pm in Economic

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