Question
Today 1 Swiss franc exchanges for $1.60 and next week 1 it exchanges for $1.70, it is clear that: A) The franc has depreciated relative
Today 1 Swiss franc exchanges for $1.60 and next week 1 it exchanges for $1.70, it is clear that:
A) The franc has depreciated relative to the dollar.
B) The dollar has appreciated relative to the franc.
C) Both currencies have appreciated.
D) The dollar has depreciated relative to the franc.
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
