Question
What is a currency cross-rate?
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Answer
An exchange rate derived using a third currency.
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Question
How does forward guidance work as a monetary policy tool?
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Answer
It shapes expectations about future policy and market rates.
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Question
Which monetary policy targeting frameworks are explicitly listed as core central bank frameworks in these pages?
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Answer
Inflation, interest-rate, and exchange-rate targeting.
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Question
What is the primary monetary policy tool used by central banks?
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Answer
Open market operations.
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