QUESTION 14 Suppose that the current dollar/pound exchange rate is $1.5/, but both the US and British central banks believe that the exchange rate should be .8/$. If both nations decide to use sterilized market intervention to achieve the desired exchange rate, which of the following will occur? The British central bank will sell dollars, buy pounds, and conduct and open market sale of British government treasury securities The US central bank will buy dollars, sell pounds, and conduct and open market purchase of US government treasury securities. The British central bank will buy dollars, sell pounds, and conduct and open market purchase of British government treasury securities. The US central bank will sell dollars, buy pounds, and conduct and open market sale of US government treasury securities. O None of the above. Click Save and submit to save and submit calck Save All Answers to see alla Save All Answers