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Explain what exchange rates are and how they operate. Explain how appreciation and depreciation impact exchange rates and the current accounts. Give an example of

Explain what exchange rates are and how they operate. Explain how appreciation and depreciation impact exchange rates and the current accounts. Give an example of how exchange rates impact trade, tourism and travel. You should have 3 well thought out examples.

Draw a correctly labeled graph illustrating one of your examples from the paragraph and add an explanation that details how you drew the graph and what you included in it.

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