Foreign exchange reserves are Multiple Choice referred to as FX reserves. obtained when the central bank sells local currency in exchange for foreign currency in the foreign exchange market. stockpiles of foreign currency maintained at the central bank. All of these choices are correct.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
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Chapter29: International Finance
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Foreign exchange reserves are
Multiple Choice
referred to as FX reserves.
obtained when the central bank sells local currency in exchange for foreign currency in the foreign exchange market.
stockpiles of foreign currency maintained at the central bank.
All of these choices are correct.
Transcribed Image Text:Foreign exchange reserves are Multiple Choice referred to as FX reserves. obtained when the central bank sells local currency in exchange for foreign currency in the foreign exchange market. stockpiles of foreign currency maintained at the central bank. All of these choices are correct.
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