If One US Dollar Is Traded on the Foreign Exchange Market for Market

question 63

Multiple Choice

If one U.S. dollar is traded on the foreign exchange market for about 1.15 Swiss francs,then one Swiss franc can purchase about ________ U.S. dollars.

• A)0.30
• B)0.87
• C)1.15
• D)3.10

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Definitions:

Job Specialization

The method of concentrating one's professional efforts on a particular field of knowledge to boost efficiency and mastery.

Directly Responsible

Being explicitly accountable or answerable for actions, tasks, or outcomes without intermediaries.

Job Rotation

A method of employee development where individuals are moved through a variety of positions to gain breadth of experience.

Reducing Boredom

The process or methods used to alleviate feelings of tedium or uninterest, especially in work or daily activities.