The Exchange Rate Last Month Was $1= 1 Swiss Francs

question 162

Multiple Choice

The exchange rate last month was $1= 1 Swiss francs. This month it is $1 = 0.95 Swiss francs. We can say that the value of the dollar

• A) fell, causing net exports to increase and aggregate demand to rise.
• B) fell, causing net exports to decrease and aggregate demand to fall.
• C) increased, causing net exports to decrease and aggregate demand to fall.
• D) increased, causing net exports to decrease and aggregate demand to rise.

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Definitions:

Priority Rule

A principle that establishes the order in which claims or legal rights are to be enforced or satisfied.

Secured Party

An individual or entity that has an interest, usually a collateral interest, in the personal property of a debtor.

Attach

In legal terms, to seize a person's property to satisfy a court-ordered debt, or the process of becoming legally enforceable or applicable.

Financing Statement

A document, usually a multicopy form, filed in a public office serving as constructive notice to the world that a creditor claims a security interest in collateral that belongs to a certain named debtor.