Foreign Reserves Are Used to

question 148

Multiple Choice

Foreign reserves are used to

• A) help foreigners who need additional funds.
• B) provide military support to foreign operations, e.g., the French Foreign Legion, UN peacekeepers.
• C) cover foreign debt, import purchases, and other demands for foreign currency that banks might encounter.
• D) support foreign operations that are branches but not subsidiaries.

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Definitions:

Home Tab

The primary tab or starting screen in many software applications, containing a collection of commonly used commands and tools.

Date/Time

A data type in databases and programming that stores dates and times as serial date numbers for chronological data management.

Hiring Date

The specific date on which an individual officially becomes an employee of a company or organization.

Employees Table

A table in a database that contains information about employees, such as names, IDs, and job details.