NO.PZ2018062003000157
问题如下:
Suppose a central bank decides to maintain a target exchange rate.What will happen when its inflation rate falls below the level of the inflation rate in the target country?
选项:
A.The central bank will sell the domestic currency.
B.The interest rates will increase.
C.The domestic money supply will decrease.
解释:
A is correct.
In this scenario,the central bank would need to sell the domestic currency to support the target,tending to increase the domestic money supply and reduce the interest rate.
考点:货币政策
解析:
本国通胀率低于目标国的通胀率会导致本国的汇率上升,为了保证本国货币不升值,必须实施一个扩张(升通胀)的货币政策。
A选项卖出本国货币,类似于向市场提供货币供给,是一个扩张的货币政策,入选。
B选项利率上升是一个紧缩的货币政策,不入选。
C选项减少货币供给也是紧缩的货币政策,不入选。
选项央行A卖国债不就是收缩货币供应吗