34) Foreign exchange reserves are A) Held illegally by many countries. B) Holdings of foreign exchange by official government agencies. C) Holdings of foreign exchange by individual citizens. D) Used by the Federal Reserve in open market operations.

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Explain partially convertible currency

Can you answer the questions, please? I do not need an explanation, I need only a correct answer.  49) Which one of the following would appear as a debit item in the UK balance of payments?      A) Honda invests in a new factory in the UK. B) American tourists fly BA. C) A Japanese pension fund buys shares in a British oil company. D) Foreign tourists spend money in London. E) A British wine merchant purchases wine from Chile   50) Which of the following policies could a government or central bank pursue to prevent the exchange rate from depreciating?      A) Raise interest rates B) Increase the money supply through open-market operations C) Raise taxes D) Buy foreign currencies on the foreign exchange market