If Fewer U

question 65

Multiple Choice

If fewer U.S.dollars are needed to buy a Swiss franc, then

• A)Swiss goods become relatively more expensive to U.S.residents
• B)U.S.residents buy fewer francs
• C)U.S.goods become relatively cheaper to Swiss residents
• D)U.S.residents buy more Swiss goods
• E)U.S.residents supply more francs

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Definitions:

Unemployment Insurance

A state-funded initiative offering monetary support to people unemployed due to circumstances beyond their control.

Nominal Interest Rate

Nominal interest rate is the stated or face interest rate on a loan or financial product, not adjusted for inflation, representing the actual percentage charged on the principal amount.

Expected Rate

The anticipated return on an investment, often based on historical performance and future projections.

Inflation

The inflationary pace at which prices for all goods and services mount, lessening purchase value.