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Figure 11.1. Supply and Demand Schedules of Francs

Question 57

Multiple Choice

Figure 11.1. Supply and Demand Schedules of Francs
​ Figure 11.1. Supply and Demand Schedules of Francs ​ -Refer to Figure 11.1.Suppose the exchange rate is $.30 per franc.Free-market forces would lead to a(n) ____ of the dollar against the franc and a(n) ____ in U.S.international competitiveness. A) depreciation, improvement B) depreciation, worsening C) appreciation, improvement D) appreciation, worsening
-Refer to Figure 11.1.Suppose the exchange rate is $.30 per franc.Free-market forces would lead to a(n) ____ of the dollar against the franc and a(n) ____ in U.S.international competitiveness.


A) depreciation, improvement
B) depreciation, worsening
C) appreciation, improvement
D) appreciation, worsening

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