Please discuss and draw the demand-and-supply diagram to analyze how the exchange rate could be affected in the following scenarios (assuming USD is the home currency): a. The government headed by Nicols Maduro, who has presided over Venezuela a. a since 2013, declared a state of emergency in 2016. That year the inflation rate hit 800%. (Hint: Venezuelan bolivar vs. USD) (5%) b. On Feb. 3rd, 2017, China's central bank surprised financial markets by raising short-term interest rates on the first day back from a long holiday. (Hint: Chinese Yuan vs. USD) (5%) c. The U.K. finally had good household income growth in 201920. Median (middle) household income measured before deducting housing costs (BHC) rose by 4% in real terms between 201819 and 2019-20, leaving it at 547 per week. The increase over the two years from 2017-18 to 2019-20 was 3% at the median. Assuming no income growth in the United States. (Hint: British Pound vs. USD (5%) Please discuss and draw the demand-and-supply diagram to analyze how the exchange rate could be affected in the following scenarios (assuming USD is the home currency): a. The government headed by Nicols Maduro, who has presided over Venezuela a. a since 2013, declared a state of emergency in 2016. That year the inflation rate hit 800%. (Hint: Venezuelan bolivar vs. USD) (5%) b. On Feb. 3rd, 2017, China's central bank surprised financial markets by raising short-term interest rates on the first day back from a long holiday. (Hint: Chinese Yuan vs. USD) (5%) c. The U.K. finally had good household income growth in 201920. Median (middle) household income measured before deducting housing costs (BHC) rose by 4% in real terms between 201819 and 2019-20, leaving it at 547 per week. The increase over the two years from 2017-18 to 2019-20 was 3% at the median. Assuming no income growth in the United States. (Hint: British Pound vs. USD (5%)