If the bank is selling francs for $0.45, then what is the implied franc price of the dollar ?

Related Mcqs:

Given the foreign currency market for the Swiss franc, the supply of franc slopes upward, because as the dollar price of the franc rises ?

A. America’s demand for Swiss merchandise rises B. America’s demand for Swiss merchandise falls C. Switzerland’s demand for American merchandise rises D. Switzerland’s demand for American merchandise falls...

The reduction or covering of foreign exchange risk is called ?

A. hedging B. speculation C. intervention D. arbitrage...

Investor engage in _____ when they move funds into foreign currencies in order to take advantage to interest rates abroad that are higher than domestic interest rates ?

A. currency arbitrage B. interest arbitrage C. short positions D. long positions...

All currencies other than the domestic currency of a given country are referred to as ?

A. hard currency B. foreign exchange C. reserve currencies D. near monies...

In 1971, most countries ?

A. adopted a new system of fixed exchange rates B. gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand C. adopted single internationally accepted currency whose use is limited to international transactions D. returned to the gold standard...