Table 15.1. The Market for Swiss Francs Quantity of…
Table 15.1. 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 15.1. Under a system of floating exchange rates, the equilibrium exchange rate equals