Based on the case, course materials, and your understanding of price ceilings and floors, answer the following questions: Why did the Swiss National Bank (SNB) implement a price ceiling in 2011? How did SNB maintain this price ceiling? Explain the effect of such a ceiling on the country's current account, financial account, and monetary base of Switzerland?

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The Swiss National Bank SNB implemented a price ceiling in 2011 to prevent the Swiss franc from appr... View the full answer