If a French importer can buy 8 Swiss francs for 10 euros,then what is the rate of exchange?
A) 1 euro = 1.2 Swiss francs.
B) 1 euro = 0.8 Swiss francs.
C) 1 euro = 1.25 Swiss francs.
D) 1 Swiss franc = 1.20 French francs.
Correct Answer:
Verified
Q10: If the exchange rate between the Canadian
Q11: What will depreciation of the Hong Kong
Q12: All of the following except one explain
Q13: If the price of a Canadian dollar
Q14: Q16: If the exchange rate changes so that Q17: If the Canadian dollar appreciates which of Q18: If the Canadian dollar appreciates relative to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents