Problem
Write a paper that addresses the following issues 900 words:
• 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.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.