Assume that an American investor decides to buy one-year Swiss bonds that are denominated in Swiss francs and pay 2 percent annual interest. For this purpose, 10,000 is exchanged into Swiss francs at an exchange rate of 1 = 2Fr to buy the bonds. How many dollars will the investor have after one year if the exchange rate is 1 = 1.5Fr?
a. 10,000
b. 10,200
c. 15,300
d. 13,600
e. 7,650
Question 2
A decrease in supply will cause a surplus at the original market price.
a. True
b. False
Indicate whether the statement is true or false
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