Question

30) Recent inflation rates vary widely. Venezuela has an annual inflation rate of 29.8%, Switzerland has an annual inflation rate of 0.7% while the Seychelles Islands enjoy an annual inflation rate of -2.2%. We can infer from these figures that: What cost $1 U.S. in Venezuela a year ago now costs $1.30 U.S. Cash payments in Swiss francs in Switzerland must be spent immediately to be of any value The consumer price index in the Seychelles rose last year Workers in Venezuela would prefer to be paid in Swiss francs rather than in local currency