The global financial crisis of 2007-2008 resulted in a(n) ________ of the Swiss franc as foreign currency flowed ________ the country. As a 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 global financial crisis led to an appreciation of the Swiss franc as investors sought safety in Switzerland, causing foreign currency to flow into the country. This made Swiss products less competitive in world markets due to the stronger currency.

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