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If currency traders think Sweden's real interest rates will greatly increase relative to Switzerland's real interest rate, then the supply of Swiss franc will decrease.

If currency traders think Sweden's real interest rates will greatly increase relative to Switzerland's real interest rate, then the 



 supply of Swiss franc will decrease. 



Swedish Krona will appreciate and the Swiss franc will depreciate. 



demand for the Swiss franc will increase. 



Swedish Krona will depreciate and the Swiss franc will appreciate.

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