Which of the Following Is Not True About Exchange Rates?​

question 38

Multiple Choice

Which of the following is not true about exchange rates?​

• A)​A strengthening currency is evidenced by an increase in the directly quoted exchange rate.
• B)​Importers benefit from a strong dollar.
• C)​If one can buy 1 FC for $.50, $1.00 will buy 2 FC.
• D)​The points in an exchange rate, or broker's commission, are influenced by several factors, including supply and demand for currency.

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Definitions:

Machinery

Tools, equipment, and devices that use mechanical power and are designed to perform specific tasks, significantly enhancing productivity and efficiency in various industries.

Federal Minimum Wage

The lowest legal wage that employers can pay their employees, as established by federal law in the United States.

Congress

The legislative assembly in the United States, incorporating the Senate and the House of Representatives as its two divisions.

Downsizing

The process of reducing the size of a company by eliminating staff positions, often to improve efficiency or reduce costs.