1. How can we tell the government of Turkey has been intervening in markets to prop up...
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Question:
1. How can we tell the government of Turkey has been intervening in markets to prop up the value of the Lira?
A The Lira's upward price trend through 2017
B The exceptionally low interest rates in Turkey
C The declining balance of Turkey's foreign reserves
D (A) and (B)
E All of the above
2. Besides bravado and cheap talk, what policy levers did the Turkish government have available to them to boost the Lira's value?
A Capital controls
B Raising interest rates
C Selling more of its foreign reserves
D (A) and (C)
E All of the above
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