10. Which of the following does not describe Beetton Woods system? 01) Devaluation is not allowed O2) Most countries' currencies are fored to dollar. O3) Dollar is fixed to gold 04) Each country can control money supply, 11. Choose the most inappropriate answer. Under currency boards, 01) Lower inflation is expected O2) Money is fully convertible to foreign currency at a foced rate O3) Open market operation controls the base money 04) Monetizing fiscal deficit is impossible 12 Find an incorrect answer regarding foreign exchange intervention 12:21) 0.1) With sterilization, money supply is unaffected. OZ) With sterilization, there is bond portfolio effect 03) With no sterilization, there is money supply effect 04). With sterilization, supply of foreign currency is unaffected 13. Which of the following does not describe a call option on yen (in the yer/dollar market)? 01) It gives a night to buy yon at a feed rate. 2) The maximum loss of the seller of the option is the option premium O3) It is the same as a put option on dollar 04) European option can be exercised on the maturity date