_____ It takes more U.S. dollars to purchase a given quantity of Swiss francs at the end of the year than at the beginning of the year. Which of the following could cause or explain this change?
A) The direct exchange rate went down.
B) The U.S. dollar strengthened.
C) The Swiss franc was devalued.
D) Inflation was greater in Switzerland than in the United States.
E) None of the above.
Correct Answer:
Verified
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