What are exchange rates?

What are exchange rates?

900- 1,100 Words, NO PLAGIARISMS, Must have References

Write a paper that addresses the following issues:

• 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.

Include at least 3 professional references and follow APA formatting.