In 2011, during the financial crisis, which country was viewed as a safe haven and saw its currency appreciate in value relative to other currencies because of the demand for the currency?
A)Australia.
B)Dubai.
C)Canada.
D)Argentina.
E)Switzerland.

Question

Quizplus · Accepted Answer

Switzerland is the correct answer as it is well known for having a stable economy and political system, making it a safe haven for investors during times of financial uncertainty. The demand for Swiss francs during the 2011 financial crisis led to an appreciation in its value relative to other currencies.

In 2011, During the Financial Crisis, Which Country Was Viewed