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What is the importance of exchange rates

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Reference no: EM132906554

1. What is the importance of exchange rates?

2. Who benefits and who loses when a country's currency appreciates?

3. Who benefits and who loses when a country's currency depreciates?

4. In the long run, what are the major factors that impact exchange rates?

5. Understanding central banks impact exchange rates, select three central banks and demonstrate/ explain how this occurs.

Reference no: EM132906554

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