If the Federal Reserve buys dollars in the foreign exchange market but does not sterilize the intervention,
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Foreign Exchange Market
The foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...
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The purchase of dollars involves a sale of foreign assets which means that international res...View the full answer
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Related Book For 
Economics of Money, Banking and Financial Markets
ISBN: 978-0321598905
9th Edition
Authors: Frederic S. Mishkin
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