How Does a Sterilized Intervention by the Fed in Foreign

question 83

Essay

How does a sterilized intervention by the Fed in foreign exchange markets differ from an unsterilized intervention?

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Definitions:

Final Entries

Journal entries made at the end of an accounting period to prepare accounts for the next period or close the books.

Journalizing

The process of recording a transaction in the journal.

Adjustments and Closing Entries

The journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate periods.

Ledger

A book or database in which financial transactions are recorded, organized by account.