Question

What is the price change increase if currency changes are likely to result in a 10 percent loss?

a. 0.2
b. 0.3
c. 1
d. 0.1

Answer 1

Answer:

option c

Explanation:

Answer 2

Option (c) 1

Explanation:

• Exchange rates are a very crucial part of the prices we pay for imported goods. A Country with lesser currency exchange may face an increase in prices for foreign goods.

• Hence in the questions, there are four options from which only option (c) 1, shows the increase in a price change.

• Therefore we can conclude that when the currency increases the price decreases and vice versa.