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Currencies of USA (USD) and Switzerland (CHF) are freely floating. The two countries trade extensively. If there is a 5.25% hike in inflation in USA
Currencies of USA (USD) and Switzerland (CHF) are freely floating. The two countries trade extensively. If there is a 5.25% hike in inflation in USA : CHF will appreciate CHF will depreciate GBP will appreciate No effect on both currencies
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Macroeconomics
Authors: Stephen d. Williamson
5th edition
132991330, 978-0132991339
