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.

Deliverable Length: 900 – 1,100 words

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