Discuss the role of foreign exchange in international trade (3 marks) ANSWER a) Foreign exchange is determined based on demand and supply for a specific currency Explain and discuss this statement based on the economic principles learned in class (4 marks) ANSWER b)

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Discuss the role of foreign exchange in international trade. (3 marks) ANSWER a): Foreign exchange is determined based on demand and supply for a specific

Discuss the role of foreign exchange in international trade. (3 marks)

ANSWER a):

"Foreign exchange is determined based on demand and supply for a specific currency." Explain and discuss this statement based on the economic principles learned in class. (4 marks)

ANSWER b):

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