Given the foreign currency market for the Swiss franc, the supply of franc slopes upward, because as the dollar price of the franc rises?
ASwitzerland’s demand for American merchandise rises
BAmerica’s demand for Swiss merchandise rises
CSwitzerland’s demand for American merchandise falls
DAmerica’s demand for Swiss merchandise falls
Correct answer
A. Switzerland’s demand for American merchandise rises
Explanation
The correct answer is Switzerland’s demand for American merchandise rises.