Question

1. How can we tell the government of Turkey has been intervening in markets to prop up the value of the Lira?

A The Lira's upward price trend through 2017

B The exceptionally low interest rates in Turkey

C The declining balance of Turkey's foreign reserves

D (A) and (B)

E All of the above

2. Besides bravado and cheap talk, what policy levers did the Turkish government have available to them to boost the Lira's value?

A Capital controls

B Raising interest rates

C Selling more of its foreign reserves

D (A) and (C)

E All of the above