Quick View: Foreign Reserves Foreign-exchange reserves are held by countries to meet their international payment obligations, including the servicing of external debts, and to intervene in the foreign exchange market during periods of excessive currency fluctuations Adequate foreign-exchange reserve holdings therefore boost market confidence in the countryâ€™s ability to meet its external obligations and to absorb any unforeseen external shocks or unexpected capital movements. In this connection 1-Which of following countries is Not among the top four, globally in the amount of foreign exchange reserves. A- China, B- Japan, C- Saudi Arabia and D- Russia. 2-Which of the following countries is Not in the top four in Africa in the amount of foreign exchange reserves. A- South Africa, B- Nigeria, C- Morocco and D- Egypt. ANSWERS 1-Russia with external reserves of a little under $400 billion is the country not among the top four in the world. 2-Egypt is the country listed here not among the top four in external reserves in Africa.
Posted: Mar 3rd, 2016 @ 02:02:06 AM