Economics · International Business
Which of the following describes an intervention currency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The vehicle currency used in international trade
- 2A foreign currency that a country's monetary authority buys or sells to influence its own exchange rate✓
- 3The currency in which cross-border transactions are paid for and closed
- 4The currency in which exporters choose to invoice their exports
Correct answer
A foreign currency that a country's monetary authority buys or sells to influence its own exchange rate
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