Question

"If the Canadian dollar appreciates relative to the Swiss franc, then all of the following statements except one are true regarding the Swiss franc. Which is the exception? a. The franc will be less expensive to Canadians. b. The franc will depreciate against the dollar. c. The franc may remain unchanged against the pound sterling. d. The franc will appreciate against the dollar. e. The franc will buy fewer Canadian dollars.

Answer 1

SEE BELOW

Step-by-step explanation:

The exception among the given statements is:

b. The franc will depreciate against the dollar.

If the Canadian dollar appreciates relative to the Swiss franc, it means that the Swiss franc weakens or becomes less valuable compared to the Canadian dollar. Therefore, statement b is not true because it suggests that the franc will depreciate against the dollar, which would actually mean that the franc is becoming stronger or more valuable relative to the dollar.