Task: Need your help with these questions. Most of them are basic logic but some may require a source or two.
Question 1. Why it is necessary to understand what determines exchange rates?
Question 2. Which are the main differences between a currency forward market and a futures market?
Question 3. Which are the major currencies floating against each other in the global markets?
Question 4. Is it a good idea for a country to pay off its foreign debt? Explain.