Multinational, Instructor's Manual

17-3 Under the fixed exchange rate system, the fluctuations were limited to +1% and -1%. Under the floating exchange rate system, there are no agreed-upon limits. 17-4 A dollar will buy more Swiss francs. 17-5 There will be an excess supply of dollars in the foreign exchange markets, and thus, will tend to drive down the value of the dollar. ................
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