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?

Explain how and why central banks around the world have set current monetary policy and their effects on you (please select at least 3 central banks besides the U.S. Federal Reserve).

Describe how current monetary policies of central banks around the world may conflict with one another (please select at least 3 central banks besides the U.S. Federal Reserve).

What effect have recent actions of the Federal Reserve and another international central bank had on the treasury department of the U.S. and the other country's abilities to raise funds within the global financial system?

Describe the ways the Federal Reserve and one international central bank faced ethical forces that have reshaped financial institutes, financial markets, and the global financial system.