Action by a central bank to offset the effect of a foreign exchange intervention, on the domestic mone 8. supply, by using the open-market operations is known as: a. Monetary protectionism b. Sterilized intervention c. Currency creation d. Injecting money supply 9. Under a floating exchange rate regime with a high degree of capital mobility, in the short run an expansionary fiscal policy will most likely create pressure on: a. the domestic currency to appreciate. b. the domestic currency to depreciate. c. monetary authorities to revalue the domestic currency d. monetary authorities to devalue the domestic currency 10. Under a floating exchange rate regime with a high degree of capital mobility, international crowding out of expansionary fiscal policy occurs when:I a. the foreign money supply increases. b. foreign interest rates increase. c. the country's currency appreciates. d. domestic interest rates increase 11. Under a floating exchange rate regime with a high degree of capital mobility, a change in the exchange rate value of domestic currency following contractionary fiscal policy is most likely to: a. improve the current account. b. decrease the country's holdings of official reserve assets. c. cause a surplus in the financial account. d. induce inflow of foreign capital