1) Discuss (and, if possible, give contemporary examples of) exchange-rate quotations, in terms of spot rates, forward rates, real exchange rates, effective exchange rates. What happens when a currency depreciates against another currency?
2) I would like you to discuss the key determinants of exchange rates. In that discussion please make sure to distinguish between the different (long-term, medium-term, and short-term) time horizons of exchange-rate determination.