An increase in interest rates in New Zealand all other things constant would Select one: a.raise the value of the $NZ. b.lower the value of the $NZ. c.have no impact on the value of the $NZ. d.lead to a run down of foreign reserves as the Reserve Bank was forced to buy $NZ.

MACROECONOMICS
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ISBN:9781337794985
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Chapter19: The International Monetary System: Order Or Disorder
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An increase in interest rates in New Zealand all other things constant would
Select one:
a.raise the value of the $NZ.
b.lower the value of the $NZ.
c.have no impact on the value of the $NZ.
d.lead to a run down of foreign reserves as the Reserve Bank was forced to buy $NZ.
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