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The demand for Swiss francs in the foreign exchange market equals 11,000 - 25,000 e and the supply of Swiss francs in the foreign exchange
The demand for Swiss francs in the foreign exchange market equals 11,000 - 25,000 e and the supply of Swiss francs in the foreign exchange market equals 9,000 + 25,000 e, where e is the nominal exchange rate expressed in U.S. dollars per franc. The fundamental value of the Swiss franc is_____francs per U.S. dollar or _____ U.S. dollars per franc.
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