QUESTION 13 Suppose Guatemala decides to form a currency board. By how much Guatemala needs to increase its foreign reserves 50 160 404 It depends on the interest rate, There is not enough information QUESTION 14 Suppose Guatemala increases domestic credit to 60. What is the change in the monetary base? It increases by 20. It is reduced by 20 It stays the same It increases by 40 We do not have enough information to answer. QUESTION 15 If inflation in the US is 2 percent what is the real interest rate in Guatemala? Zero -0.02 0.02 0.05 0.01 Save Allan