If the Exchange Rate Changes So That More Swiss Francs

question 219

Multiple Choice

If the exchange rate changes so that more Swiss francs are required to buy a dollar,then

• A)the franc has appreciated in value.
• B)Americans will buy more Swiss goods and services.
• C)more American goods and services will be demanded by the Swiss.
• D)the dollar has depreciated in value.

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Definitions:

Horn Effect

Attributing a variety of negative qualities to those you dislike.

Recency Effect

Tendency to attend to the most recent information observed about another person in order to form or modify an impression.

Interpersonal Perception

Process of selecting, organizing, and interpreting your observations of other people.

Interpretation

The act of explaining or understanding the meaning of something, such as a text, action, or event.