Which of the following is NOT a correct statement?

Question options:

	Under sterilized intervention, the Fed would intervene simultaneously in the foreign exchange and Treasury markets.
	Under the direct method of intervention, an appreciation of the dollar would be accomplished by exchanging dollars for foreign currencies.
	Using indirect intervention, the Fed attempts to affect the dollar's value indirectly by influencing the factors that determine it, such as interest rates.
	Dollarization refers to the replacement of local currency with U.S. dollars.