Show an effect of a sale of dollars and a purchase of foreign assets (unsterilized intervention). Will dollar appreciate or depreciate? Draw a diagram.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter6: An Introduction To The Foreign Exchange Market And The Balance Of Payments
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Show an effect of a sale of dollars and a purchase of foreign assets (unsterilized intervention). Will dollar appreciate or depreciate? Draw a diagram.

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