When a U.S. importer needs $22,000 to settle an invoice for 25,520 Swiss francs, the exchange rate must be:
a. 1 Swiss franc = $1.16.
b. 1 Swiss franc = $0.16.
c. 1 Swiss franc = $0.84.
d. $1 = 1.16 Swiss franc.
e. $1 = 1.84 Swiss franc.
d
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The short-run Phillips curve is another way of looking at
A) aggregate supply. B) Okun's Law as applied to aggregate demand. C) potential GDP. D) aggregate demand. E) the natural rate of unemployment.
Changes in relative prices occur when
A) all prices move together. B) all exchange rates move together. C) product prices change at different rates. D) exchange rate appreciation is greater than price appreciation.
The primary criterion governing U.S. antitrust policy until 1945 was:
A. laissez-faire. B. judgment by structure. C. concentration ratios. D. judgment by performance.
An investment has grown from $100.00 to $130.00 or by 30% over four years. What annual increase gives a 30% increase over four years?
A. 7.24% B. 6.30% C. 6.78% D. 7.50%