Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's real GDP rises relative to England and nothing else changes, then the:
a. The supply of Swiss francs in the foreign exchange market rises and the Swiss franc depreciates.
b. The demand for Swiss francs in the foreign exchange market rises, and the Swiss franc appreciates.
c. The supply of Swiss francs in the foreign exchange market rises and the Swiss franc appreciates.
d. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing the Swiss franc to rise in value.
e. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing the Swiss franc to depreciate.
.A
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Which of the following statements about market economies is correct?
a. In a market economy, no one is looking out for the economic well-being of society as a whole. b. Market economies are characterized by decentralized decision making and self-interested decision makers. c. Market economies have proven remarkably successful in promoting overall economic well-being. d. All of the above are correct.
In a market economy, the people who receive the goods and services produced are those who
A. Are willing and able to pay the market price. B. Have the most political power. C. Need the goods and services the most. D. Want the goods and services the most.