The central bank may conduct defensive open market purchases to offset the effect of

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问题 The central bank may conduct defensive open market purchases to offset the effect of

选项 A、a decrease in reserve requirements
B、an increase in currency in circulation
C、an increase in discount rate
D、all of the above

答案C

解析答案为C项。防御性公开市场操作主要是起对冲(offset)作用的，只有选项C中的货币政策工具的效果与央行在公开市场操作中买入政府债券的效果相反。故本题选C项。

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FECT综合（现代金融业务）

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