Asked by
Kaidri Bornyi
on Nov 12, 2024
Verified
If the exchange rate changes from 20 cents per franc to 18 cents per franc,the U.S.dollar has:
A) appreciated,since its value has increased.
B) appreciated,since its value has declined.
C) depreciated,making French goods more expensive in the U.S.
D) depreciated,since its value has declined.
E) depreciated,since its value has increased.
Francs
A former currency unit used in France and several other countries before the adoption of the euro, also still used in some parts of Switzerland and Liechtenstein.
Exchange Rate
The exchange rate is the price at which one currency can be exchanged for another, affecting imports, exports, and international investments.
- Master the concept of changes in currency value, specifically appreciation and depreciation.
Verified Answer
GS
Learning Objectives
- Master the concept of changes in currency value, specifically appreciation and depreciation.