In Winter, Europeans and Americans Flock to Switzerland to Ski

Multiple Choice

In winter, Europeans and Americans flock to Switzerland to ski. We would expect to see the Swiss franc

A) depreciate because there is an increase in the demand for Swiss goods and services, which means an increase in the demand for Swiss francs
B) appreciate because there is an increase in the demand for Swiss goods and services, which means a decrease in the demand for Swiss francs
C) remain fixed because the demand for Swiss goods and services is counterbalanced by the supply of Swiss goods and services
D) appreciate because there is an increase in the demand for Swiss goods and services, which means an increase in the demand for Swiss francs
E) restored to equilibrium because the summer months see Swiss tourists in Europe and the U.S.