Author Question: When the U.S. dollar depreciates in relation to the Swiss franc: a. a U.S. importer will need more ... (Read 52 times)

hubes95 · **on:** Jun 30, 2018

When the U.S. dollar depreciates in relation to the Swiss franc:
a. a U.S. importer will need more dollars to pay for an invoice denominated in Swiss francs.
b. a Swiss exporter will receive more Swiss francs for an invoice denominated in the exporter's currency.
c. Swiss imports of U.S. goods will fall.
d. the Swiss franc is now worth less in terms of the U.S. dollar.
e. a U.S. exporter will receive fewer dollars for an invoice denominated in Swiss francs.

Question 2

The record of all transactions with foreign nations that involve the exchange of merchandise goods and services or unilateral gifts is called the:
a. capital account.
b. current account.
c. balance of trade.
d. balance of payments.