If the central bank does not purchase foreign assets when output increases but instead holds the money stock constant, can it still keep the exchange rate fixed at 
?
Please explain.
Definitions:
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenues.
Bonds Payable
Long-term liabilities represented by bonds that a company must repay to investors at a specified maturity date.
Cash Dividends
Payments made by a company out of its profits to its shareholders in the form of cash.
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