A phenomenon that has perplexed many is that emerging market economies have sought to ____ their foreign currency reserves, thus _____ the backing ratio to _____.
A) decrease; raising; more than 50%
B) increase; lowering; less than $15 billion
C) get rid of; lowering; less than $30 billion
D) increase; raising; more than 100%

Question

Quizplus · Accepted Answer

Emerging market economies have sought to increase their foreign currency reserves, which raises the backing ratio to more than 100%. This strategy is often used to bolster economic stability and confidence in the country's currency.

A Phenomenon That Has Perplexed Many Is That Emerging Market