If a dollar is initially valued at 10 Swiss francs and its value changes to 12 Swiss francs, then the value of a Swiss franc (in terms of dollars) has
A) increased only if the demand for Swiss francs has increased.
B) remained the same.
C) increased.
D) decreased.
E) changed in a manner that cannot be determined without additional information concerning the demand for and supply of Swiss francs.
Correct Answer:
Verified
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