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What is the real devaluation of the swiss franc

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Problem 1: Suppose the Swiss franc changes in value from $0.4537 at the beginning of the year to $0.4909 at the end of the year. U.S. inflation is 3.3% and Swiss inflation is 6.3% during the year. What is the real devaluation (-) or real revaluation (+) of the Swiss franc during the year?

a. +9.8%

b. +11.3%

c. -10.2%

d. +5.1%

e. -9.8%

Reference no: EM132767448

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