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16. Suppose the Honk Kong central bank sold US$100M of foreign currency reserves. The Honk Kong central bank balance sheet changes as follows: a. An
16. Suppose the Honk Kong central bank sold US$100M of foreign currency reserves. The Honk Kong central bank balance sheet changes as follows: a. An increase in foreign assets and an increase in foreign assets b. A decrease in currency in circulation and an increase in foreign assets c. A decrease in currency in circulation and a decrease in foreign assets d. A decrease in currency in circulation and a decrease in domestic assets
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