A perpetuity is an annuity with a fixed term.
a. True
b. False
Question 2
If fewer U.S. dollars are needed to buy a Swiss franc, then
a. Swiss goods become relatively more expensive to U.S. residents
b. U.S. residents buy fewer francs
c. U.S. goods become relatively cheaper to Swiss residents
d. U.S. residents buy more Swiss goods
e. U.S. residents supply more francs