Examlex

Solved

If the Swiss Demand for Dollars Is Inelastic,a Depreciation of the Dollar

question 177

True/False

If the Swiss demand for dollars is inelastic,a depreciation of the dollar against the franc will lead to a greater quantity of francs being supplied to the foreign exchange market to obtain dollars.


Definitions:

Short-Term Assets

Short-term assets, also known as current assets, are assets expected to be converted into cash, sold, or consumed within a year or within the business's operating cycle if longer.

Marginal Tax

The tax rate that applies to the last dollar of the taxpayer's income.

Financial Manager

A professional responsible for managing the financial health of an organization, including planning, directing investment activities, and developing financial strategies.

Related Questions