Suppose that from the beginning to the end of 2014, central bank reserve assets in Venezuela increased from $29.5 billion to $35 billion. Given this information, answer the following questions.
a. Was Venezuela's central bank intervening in the foreign exchange market?
b. If the central bank was intervening, was it trying to raise or lower the Bolivar's value?
c. Did Venezuela's central bank intervention raise, lower, not affect the nation's monetary base, or is it impossible to determine?