Where Would a Country Such as Japan Get U

question 53

Multiple Choice

Where would a country such as Japan get U.S.dollars in order to engage in managed float?

• A) It would print them.
• B) It would use its reserve of dollars.
• C) It would sell yen on the open market in exchange for U.S.dollars.
• D) Since Japan's currency is the yen,it would not be able to obtain U.S.dollars.
• E) It would borrow U.S.dollars form the U.S.

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Instrument

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