问题如下图：
选项：
A. 
B. 
C. 
解释：
这题的答案的意思是发达国家比发展中国家有更多的exchange reserve去维持国家的汇率稳定吗？
NO.PZ201512020800000206 问题如下 6. The factor thMcFaen is most likely referring to in Statement 4 is: A.FX reserve levels. B.mestic man C.the level of capitflows. A is correct.EM countries are better able to influentheir exchange rates because their reserve levels a ratio to average ily FX turnover are generally mugreater ththose of countries. This means thEM centrbanks are in a better position to affecurrensupply an manth countries where the ratio is negligible. EM policymakers use their foreign exchange reserves a kinof insuranto fentheir currencies, nee考点Exchange Rate Management: Intervention anControls .解析发展中国家和新兴国家的中央银行对于外汇干预的能力要强于发达国家，这是因为发达国家的外汇体量太大了，以至于发达国家的中央银行无法储备那么多的外汇去干预市场 。相比较而言，发展中国家的贸易交易量占它本国G比重很低，因此需要相对较少的外汇准备就能很好地稳定币值。所以外汇储备干预经济的方法在发展中国家运用的比较有效。 中国的贸易量也很大啊
NO.PZ201512020800000206 问题如下 6. The factor thMcFaen is most likely referring to in Statement 4 is: A.FX reserve levels. B.mestic man C.the level of capitflows. A is correct.EM countries are better able to influentheir exchange rates because their reserve levels a ratio to average ily FX turnover are generally mugreater ththose of countries. This means thEM centrbanks are in a better position to affecurrensupply an manth countries where the ratio is negligible. EM policymakers use their foreign exchange reserves a kinof insuranto fentheir currencies, nee考点Exchange Rate Management: Intervention anControls .解析发展中国家和新兴国家的中央银行对于外汇干预的能力要强于发达国家，这是因为发达国家的外汇体量太大了，以至于发达国家的中央银行无法储备那么多的外汇去干预市场 。相比较而言，发展中国家的贸易交易量占它本国G比重很低，因此需要相对较少的外汇准备就能很好地稳定币值。所以外汇储备干预经济的方法在发展中国家运用的比较有效。 FX reserve 是外汇储备量，还是外汇储备相对于贸易额的比重。如果是前者，我记得有讲过“资本管制并不直接取决于外汇储备水平”
NO.PZ201512020800000206 mestic man the level of capitflows. A is correct. EM countries are better able to influentheir exchange rates because their reserve levels a ratio to average ily FX turnover are generally mugreater ththose of countries. This means thEM centrbanks are in a better position to affecurrensupply anmanth countries where the ratio is negligible. EM policymakers use their foreign exchange reserves a kinof insuranto fentheir currencies, nee 考点Exchange Rate Management: Intervention anControls . 解析发展中国家和新兴国家的中央银行对于外汇干预的能力要强于发达国家，这是因为发达国家的外汇体量太大了，以至于发达国家的中央银行无法储备那么多的外汇去干预市场 。相比较而言，发展中国家的贸易交易量占它本国G比重很低，因此需要相对较少的外汇准备就能很好地稳定币值。所以外汇储备干预经济的方法在发展中国家运用的比较有效。 A怎么翻译呢？谢谢老师
老师，可以对比下这题和No.PZ2018091706000057 (选择题) 么？ No.PZ2018091706000057 (选择题) 中的答案是尽管经验证据好坏参半，但在很大程度上，资本管控的有效力取决于政策制定者试图抵御的资本流入的规模和持续性(持续性越弱，有效性越高)。所以B正确。一个成功的资本管控政策倾向于增加而不是减少货币政策的独立性。所以A错误。作为一项监管措施，资本管制并不直接取决于外汇储备水平。所以C错误。 跟这题的似乎有冲突~？
