The global financial crisis of 2007-2008 resulted in a(n)________ of the Swiss franc as foreign currency flowed ________ the country.As result,Swiss products became ________ competitive in world markets.
A)depreciation;out of;more
B)depreciation;into;more
C)appreciation;out of;less
D)depreciation;out of;less
E)appreciation;into;less

Question

Quizplus · Accepted Answer

The Swiss franc appreciated as foreign currency flowed into Switzerland, making Swiss products less competitive due to higher prices in world markets.

The Global Financial Crisis of 2007-2008 Resulted in A(n)________ of the Swiss