Homework Answers
Answer: Swiss France is depreciated.
On 31 December 2007 we could buy more Swiss Francs for dollar 1.
Thus the value of dollar has increased as compared to previous day value.Due to this we can buy more Swiss Francs.
When the value of base currency increases we call it Currency Appreciation for Base Currency and Currency Depreciation for Quated Currency.
Hence in this case Swiss Francs(Quoted Currency) is deprecated and Dollar(Base Currency) is appreciated.
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Use the following table to
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(Korean won = W; Japanese yen = ¥)
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no need to answar this Part 1 One-choice questions (4' for each ques 1. Please choose...
no
need to answar this
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Use the following table to
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(Korean won = W; Japanese yen = ¥)
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(Taiwanese dollar = T$;...
no
need to answar this
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