Look at the change in the balance sheet of the Central Bank of Country W between t and t+1. Calculate the growth rate of base money and the growth rate of international assets. Has the Central Bank been active in the foreign exchange market? Which change would you say they have tried to produce on the exchange rate? Have they sterilized their intervention? Why? Official international reserves Domestic Credit 1-Government Bonds 2-Loans to domestic financial institutions Currency in Circulation Financial Institutions' required reserves t 67 35 11 24 15 87 t+1 55 35 11 24 15 75