The indicated result of each event for the dollars-per-yuan exchange rate between the United States and China are;
The U.S. Fed sells a large block of U.S. Treasury securities, receiving dollars as payment ↔ The rate goes down.
The U.S. Fed buys a large block of U.S. Treasury securities, using dollars ↔ The rate goes up.
China's central bank buys a large block of U.S. Treasury securities, making payment in yuan ↔ The rate goes down.
China's central bank sells off a large block of U.S. Treasury securities, receiving yuan as payment ↔ The rate goes up.
The Federal Reserve is commonly referred to as the " U.S Fed" and it was enacted into law by the Federal Reserve Act to performs similar operations as a central bank in other countries.
The exchange rate would go down when the U.S. Fed sells a large block of U.S. Treasury securities, receiving dollars as payment. Also, the exchange rate would go up when the U.S. Fed buys a large block of U.S. Treasury securities, using dollars.
Furthermore, the exchange rate would go down when the central bank of China buys a large block of U.S. Treasury securities, making payment in yuan. The exchange rate would go up when the central bank of China sells off a large block of U.S. Treasury securities, receiving yuan as payment.
Complete Question;
Apply the correct label to indicate the result of each event for the dollars-per-yuan exchange rate between the United States and China.
The U.S. Fed sells a large block of U.S. Treasury securities, receiving dollars as payment.
The U.S. Fed buys a large block of U.S. Treasury securities, using dollars.
China's central bank buys a large block of U.S. Treasury securities, making payment in yuan.
China's central bank sells off a large block of U.S. Treasury securities, receiving yuan as payment.
The rate goes up.
The rate goes down.