Question: Chapter Problem 7 Question Help Do data on the U.S. official settlements balance give an accurate picture of the extent to which foreign central banks

 Chapter Problem 7 Question Help Do data on the U.S. official

Chapter Problem 7 Question Help Do data on the U.S. official settlements balance give an accurate picture of the extent to which foreign central banks buy and sell dollars in currency markets? A. Yes, this account balance is equal to the total net sales of dollars by foreign central banks. B. Yes, this account balance is equal to the total net purchases of dollars by foreign central banks. c. No, this account provides only a partial picture because it shows a net value of all transactions. D. No, this account does not include sales or purchases of dollars by foreign central banks

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