Look at the data in Figure 19-11. Where do you see devaluations and revaluations of the franc
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Look at the data in Figure 19-11. Where do you see devaluations and revaluations of the franc against the mark?
Figure 19-11
Transcribed Image Text:
Exchange rate (francs per mark) FF4.0 3.5 3.0 2.5 2.0 1.5 1971 Attempts to stabilize rates 1975 1980 1985 Exchange rate mechanism 1990 Exchange rates locked before euro 1995 2002 Year
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