The Exchange Rate Between the Dollar and the Swiss Franc

question 171

Multiple Choice

The exchange rate between the dollar and the Swiss franc is $1 = 8 francs,and the price of a Swiss army knife is $5.If the exchange rate changes to $1 = 4 francs,the dollar price of the Swiss army knife ____ to _______.

• A)falls;$2.50
• B)rises;$10
• C)rises;$20
• D)does not change

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