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The Swiss franc has appreciated significantly against the USD over the past decade. To increase its international trade competitiveness, the Swiss government has decided to

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The Swiss franc has appreciated significantly against the USD over the past decade. To increase its international trade competitiveness, the Swiss government has decided to devalue the franc by 10%. If the current exchange rate is CHF 0.98/USD, what is the exchange rate after the devaluation? CHF 1.078/USD CHF0.8909/USD CHF 0.8820/ USD CHF 1.0889/ USD

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