The So-Called G-8 Is One Group That Sometimes Influences the Exchange

question 39

Multiple Choice

The so-called G-8 is one group that sometimes influences the exchange rates between major currencies. For example, in 2000 the G-8 governments agreed to sell U.S. dollars in order to:

• A) Counter the depreciation of the euro
• B) Counter the depreciation of the U.S. dollar
• C) Support the appreciation of the Swiss franc
• D) Support the appreciation of the Japanese yen

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