In the Spring of 2002, the Japanese Ministry of Finance

question 30

Essay

In the spring of 2002, the Japanese Ministry of Finance intervened in the foreign exchange market by selling yen and purchasing dollars. Why? And why did the intervention fail?

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Definitions:

Specificity

The capacity of an examination to accurately detect individuals who do not have the condition, known as the true negative rate.

Digital Rectal Exam

A manual examination performed by inserting a lubricated, gloved finger into the rectum to check for abnormalities of organs or other structures in the pelvis and lower belly.

Specificity

In diagnostic testing, the ability of the test to correctly identify those without the disease.

Positive Predictive Value

The probability that individuals with a positive test result actually have the disease.