If Consumer Tastes in the United States Change in Favor

question 74

True/False

If consumer tastes in the United States change in favor of goods produced in France,the demand for francs will increase which causes an appreciation of the dollar against the franc under a floating exchange rate system.

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Definitions:

Term to Maturity

The remaining time until a financial instrument's principal amount is due to be repaid.

Net Basis

A method of reporting income and expenses where they are netted against each other, showing only the net amount instead of reporting them separately.

Cash Receipts

Money received by a business, typically documented during the accounting period in which it is received.

Turnover Quick

A measure reflecting the speed at which a company can convert its inventory or assets into sales or revenue, indicating operational efficiency.