What is the importance of exchange rates

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Reference no: EM133442635

Questions:

What is the importance of exchange rates?
Who benefits and who loses when a country's currency appreciates?
Who benefits and who loses when a country's currency depreciates?
In the long run, what are the major factors that impact exchange rates?
Understanding central banks impact exchange rates, select three central banks and demonstrate/ explain how this occurs.

Reference no: EM133442635

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