Select any Three (3) of the following questions to answer. As you develop your essay, remember to include not only text materials but also contemporary materials as well. These can come from various sources and can reflect domestic and/or global concerns.

1. Who are the main participants in the foreign exchange markets? What is the role/interest of each?
2. How did the "closing of the gold window" in 1971 affect how the IMF operates?
3. Discuss how a rise in US income might impact demand for the Japanese yen.