b) The foreign exchange market is a global decentralized market that provides the physical and institutional structure through which currencies are traded. If assists international trade and investments by enabling currency conversion. As we know that exchange rates vary because of numerous reasons. Discuss in detail four (4) common theories that elucidate exchange rates movements. You need to provide details answers for all qualitative questions according to the marking rubric which has been stated in MIB. Make sure you apply the fundamental theories that you have learned under International Parity Conditions topic. -What are the 4 major fundamental theories?- Definition in general sense. -Explain how these theories does can explicate the movements of exchange rate. -International parity conditions (Example: purchasing power parity, interest rate parity, the Fisher effect and international Fisher effect). -Please justify and provide relevant examples