When a central bank seeks to offset the impact of its attempt to influence the exchange rate

Question:

When a central bank seeks to offset the impact of its attempt to influence the exchange rate of its currency on the monetary base, this action is referred to as:

a. Sterilization.

b. Counter-setting policy.

c. Liberalization.

d. Decontamination.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...

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