When the Dollar Value of the Swiss Franc Was Very

question 388

Multiple Choice

When the dollar value of the Swiss franc was very high following the financial crisis in 2008:

• A) Swiss exports were more expensive in the United States.
• B) Swiss exports were less expensive in the United States.
• C) the Swiss National Bank sold Swiss francs to increase its value.
• D) the Swiss National Bank bought francs to decrease its value.

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Definitions:

Creditors

Individuals or entities to whom money is owed by debtors.

Legal Actions

Formal steps taken within the judicial system, such as filing lawsuits or other court proceedings, to enforce or protect legal rights.

Bankruptcy Trustee

An official appointed by the court in bankruptcy cases to oversee and manage the debtor's estate, including the collection and disposition of assets.

Chapter 7

A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's assets to pay off creditors.