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excha (50) = n- 2. Refer to Figure 15.1. Suppose the demand for francs increases from Do to D. Under a fixed exchange rate system,

excha (50) = n- 2. Refer to Figure 15.1. Suppose the demand for francs increases from Do to D. Under a fixed exchange rate system, the U.S. exchange stabilization fund could maintain a fixed exchange rate of $0.50 per franc by

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