1. It is possible to access other central bank web sites to learn about their structure. One example

1. It is possible to access other central bank web sites to learn about their structure. One example is the European Central bank. Go to www.ecb.int/index.html. On the ECB home page, locate the link to the current exchange rate between the euro and the dollar. It was initially set at 1 to 1. What is it now? 2. “A country is always worse off when its currency is weak (falls in value).” Is this statement true, false, or uncertain? Explain your answer.

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