True/False
The figure below illustrates the supply and demand schedules of Swiss francs under a system of floating exchange rates.
Figure 12.2.The Market for Swiss Francs
-Refer to Figure 12.2.If the rate of inflation in the United States is higher than the rate of inflation in Switzerland,the demand for francs decreases,the supply of francs increases,and the dollar's exchange value appreciates.
Correct Answer:

Verified
Correct Answer:
Verified
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