All responses need a minimum 200 word response and be in APA format.1.What is meant by the term “secondary mortgage market”? How does it work? 2.What happens when a country’s currency rises in value compared to other
currencies of other countries? Is this a good or bad event? And, why
should consumers be concerned? 3.If we are comparing the U.S. dollar to the euro, and the euro increased
in value from $1.35 to $1.45, what happened to the two currencies? Show
the appreciation or depreciation rate for each currency. (Show all
work/calculations/formulas.) If we are comparing the U.S. dollar to the
yen, and the yen decreased in value from $.99 cents to $.90 cents, what
happened to the two currencies? Show the appreciation or depreciation
rate for each currency. (Show all work/calculations/formulas.) 4.What are the factors that change the exchange rate?
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