TMA Treasury Markets Certificate Practice Questions - TMA Professional Certificate In Treasury Markets Exam

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When capital flows into Hong Kong and the market exchange rate reaches the Strong-side Convertibility Undertaking boundary, what action is the HKMA obligated to take?

Buy US Dollars and sell Hong Kong Dollars to expand the Aggregate Balance Sell US Dollars and buy Hong Kong Dollars to contract the Aggregate Balance Raise the Base Rate to attract more domestic deposits Issue more Exchange Fund Bills to absorb liquidity

Correct Answer:

Buy US Dollars and sell Hong Kong Dollars to expand the Aggregate Balance

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