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There are two questions related toForeign Exchange

1. Is it possible to trade foreign exchange in the futures market? How does such trading differ from the forward market?

2. where is foreign currency options traded?

There There are two questions related toExchange Rate Determination

1. In a free market, what determines exchange rates in the long run and the short run?
2. What is the asset market approach to exchange rate determination?

Each student should respond all questions by one paragraph for each.