MCQOPTIONS
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| 1. |
Given the foreign currency market for the Swiss franc, the supply of franc slopes upward, because as the dollar price of the franc rises ? |
| A. | America’s demand for Swiss merchandise rises |
| B. | America’s demand for Swiss merchandise falls |
| C. | Switzerland’s demand for American merchandise rises |
| D. | Switzerland’s demand for American merchandise falls |
| Answer» D. Switzerland’s demand for American merchandise falls | |