Assume one U.S. dollar ($US) can currently purchase 1.316 Swiss francs. However, it has been predicted that

Question:

Assume one U.S. dollar ($US) can currently purchase 1.316 Swiss francs. However, it has been predicted that one $US soon will be exchangeable for 1.450 Swiss francs.
a. Calculate the percentage change in the $US if the change occurs.
b. Determine the dollar value of one Swiss franc at both of the above exchange rates.
c. Calculate the percentage change in the dollar value of one Swiss franc based on the above exchange rates.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...