menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial System and the Economy Principles
  4. Exam
    Exam 16: How Exchange Rates Are Determined
  5. Question
    Assume That One U
Solved

Assume That One U

Question 31

Question 31

Multiple Choice

Assume that one U.S. dollar buys 1.65 Swiss francs and that a chocolate bar costs 1.25 francs in Switzerland. Ignoring all other costs, how much will the chocolate bar cost in U.S. dollars?


A) $1.32
B) $2.08
C) $.75
D) $.67

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: One reason interactions between the U.S. economy

Q27: With greater capital mobility, the real U.S.

Q28: A change in U.S. interest rates relative

Q29: Which of the following will not occur

Q30: Which of the following is false?<br>A)Exchange rates

Q32: Which of the following, ceteris paribus, will

Q33: If $1.00 equals 1.22 euros and $1.00

Q34: Purchases of foreign financial securities by U.S.

Q35: The trade balance plus net exports of

Q36: Why did 12 countries in Europe adopt

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines