NO.PZ202405210200000204
问题如下：
Based on Clark’s analysis of Country B’s capital flows, fixed exchange rate and monetary policy, which of the following is most likely correct?
选项：
A.If a central bank is forced to buy its own currency, contractionary policy is reversed. B.If the central bank attempts to push interest rates down, upward pressure is placed on the exchange rate. C.If capital flows out, downward pressure is placed on the exchange rate, forcing the bank to buy its own currency.解释：
The essence of this proposition is that if the central bank attempts to push interest rates down (up), capital will flow out (in), putting downward (upward) pressure on the exchange rate, forcing the bank to buy (sell) its own currency and thereby reversing the expansionary (contractionary) policy. This also demonstrates why Answer Choices (A) and (B) are not correct.
A：就是一国实施扩张经济政策，降低国内利率，投资者因为利率低，买外国资产，资金流出本国，本国汇率下降。为避免本国汇率下降，央行在外币市场上，买本币，相当于紧缩政策。错的点是contradictionary reverse,应该是expansionary reverse,对不对？如果去掉reverse，选项就对了。
