When the Dollar Value of the Swiss Franc Was Very

question 388

Multiple Choice

When the dollar value of the Swiss franc was very high following the financial crisis in 2008:

• A) Swiss exports were more expensive in the United States.
• B) Swiss exports were less expensive in the United States.
• C) the Swiss National Bank sold Swiss francs to increase its value.
• D) the Swiss National Bank bought francs to decrease its value.

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Definitions:

Advance Subscription Sales

Revenue received from customers for subscriptions that are paid for before the subscription period begins.

Quarterly Journals

Publications that release issues on a quarterly basis, often academic or professional in nature, covering specific field subjects.

Journalized

Refers to the process of recording financial transactions in the chronological order of their occurrence in a company's journal, which is a primary accounting record.

Receipt of Cash

The act of receiving cash during transactions, indicating an influx of funds.