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Table 14-1 The Market for Swiss Francs Quantity of Dollar Price Quantity of Francs Demanded of Francs Francs Supplied 600 $0.05 0 500 0.10 100
Table 14-1 The Market for Swiss Francs Quantity of Dollar Price Quantity of Francs Demanded of Francs Francs Supplied 600 $0.05 0 500 0.10 100 400 0.15 200 300 0.20 300 200 0.25 400 100 0.30 500 0 0.35 600 Refer to Table 14-1. Under a system of floating exchange rates, the equilibrium exchange rate equals Group of answer choices $0.25 per franc. $0.15 per franc. $0.20 per franc. $0.30 per franc
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