If the Exchange Rate Between the Dollar and the Swiss

question 65

True/False

If the exchange rate between the dollar and the Swiss franc changes from 1.8 to 1.5 francs per dollar,the franc depreciates and the dollar appreciates.

---

Definitions:

Efficiency And Equality

The balance between optimizing resource use and distributing goods and services fairly among society members.

Careful Planning

The process of meticulously organizing actions and tasks ahead of time to achieve a desired goal.

Goods And Services

Products and activities that satisfy human wants or needs, which can be tangible (goods) or intangible (services).

Economists

Individuals dedicated to analyzing the creation, dissemination, and consumption patterns of goods and services.