menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 33: Exchange Rates and the Balance of Payments
  5. Question
    If the Foreign Exchange Rate Is 70 Cents for One
Solved

If the Foreign Exchange Rate Is 70 Cents for One

Question 249

Question 249

Multiple Choice

If the foreign exchange rate is 70 cents for one Swiss franc, then


A) a car that costs 40,000 francs will cost $7,143.00.
B) a wine that costs 200 francs will cost $14.00.
C) a clock that costs 500 francs will cost $350.00.
D) a house that costs 100,000 francs will cost $700,000.00.

Correct Answer:

verifed

Verified

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

Related Questions

Q244: The demand for dollars will increase when<br>A)

Q245: Any transaction that leads to a payment

Q246: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Based on the

Q247: The use of foreign exchange reserves to

Q248: A reduction in a country's rate of

Q250: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Based on the

Q251: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q252: Financial account transactions occur<br>A) when an U.S.

Q253: The demand for foreign currency in the

Q254: Which of the following is an advantage

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