The Figure Given Below Depicts the Foreign Exchange Market for British

question 65

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-When the U.S. dollar depreciates in relation to the Swiss franc:

• A)a U.S. importer will need more dollars to pay for an invoice denominated in Swiss francs.
• B)a Swiss exporter will receive more Swiss francs for an invoice denominated in the exporter's currency.
• C)Swiss imports of U.S. goods will fall.
• D)the Swiss franc is now worth less in terms of the U.S. dollar.
• E)a U.S. exporter will receive fewer dollars for an invoice denominated in Swiss francs.

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Definitions:

Secondary Circular Reaction

is a developmental phase in early childhood identified by Piaget, in which infants repeat actions that affect the environment, indicating the beginning of intentional behavior.

Primary Circular Reaction

The stage in early infancy when a child begins to repeat actions on their own body that originally occurred by chance, indicating early cognitive development.

Babinski Reflex

The Babinski reflex is a neurological sign observed in infants when the sole of the foot is stroked, the big toe moves upward or toward the top surface of the foot, and the other toes fan out.

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development where infants try out new behaviours to see what results they have, displaying early elements of experimentation.