Assume That the Dollar Value of a Swiss Franc Is

question 23

Multiple Choice

Assume that the dollar value of a Swiss franc is 0.8600 dollar per franc,and that U.S.importers start to like Swiss watches more than they did in the past.Assume that the Swiss Central Bank wants to keep the Swiss franc fixed at 0.8600.To intervene,they have to:

• A) buy up Swiss francs and sell dollars.
• B) buy up dollars and sell Swiss francs.
• C) buy up both dollars Swiss francs.
• D) sell both dollars and Swiss francs.

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Definitions:

Complacency

A feeling of self-satisfaction accompanied by a lack of awareness of potential dangers or deficiencies.

Sexual Harassment

Behavior constituting unwelcome sexual attention that creates an offensive, hostile, or intimidating environment.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature that affects an individual's employment.

Expensive Charges

Costs for services or products that are considered high or above average.