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Assume that on November 1, the spot rate of the British pound was $1.58 and the price on a December futures contract was $1.59. If
- Assume that on November 1, the spot rate of the British pound was $1.58 and the price on a December futures contract was $1.59. If the spot rate by November 30 was $1.51, should you have purchased or sold a December futures contract in pounds on November 1?
- If a government wanted to reduce the value of its currency relative to the dollar,
- How could it use direct FX intervention to do so?
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- How could it use indirect FX intervention to do so?
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- How could it use sterilized intervention to do so?
- How could it use direct FX intervention to do so?
- How could it use indirect FX intervention to do so?
- How could it use sterilized intervention to do so?
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