1.3. Calculating par values against the dollar and gold (beginner). In 1958, the French franc (FF) was...
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1.3. Calculating par values against the dollar and gold (beginner). In 1958, the French franc (FF) was defined as worth 1∕175 ounce of gold. What was the FF’s par value against the dollar? What were the floor and ceiling exchange rates within which the French franc was allowed to fluctuate?
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