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Figure 14-1 The Market for the Swiss Franc A graph plots the market for swiss francs with dollars per franc on the y-axis ranging from
Figure 14-1 The Market for the Swiss Franc A graph plots the market for swiss francs with dollars per franc on the y-axis ranging from 0 to 0.90 and quantity of francs in millions on the x-axis ranging from zero to nine. An upward sloping supply curve labeled S zero starts at the origin and intersects three downward sloping demand curves labeled D 2, D zero, and D 1. S zero crosses D 2 at (4, 0.40), D 0 at (5, 0.50), and D 1 at (6, 0.60). Refer to Figure 14-1. With a system of floating exchange rates, the equilibrium exchange rate is Group of answer choices $0.60 per franc. $0.70 per franc. $0.40 per franc. $0.50 per franc
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