What are foreign exchange rates and how are they determined


Assume that the team has been appointed as speech writers for the Speaker of the House. The team must write a speech which the Speaker must deliver about the current state of the U.S. macro economy to a number of amateur reporters who are unfamiliar with economics. These 2 questions need to be answered as if I was giving a speech. Each question with 125 word count and citation and references

1: What are foreign exchange rates? How are they determined?

2: Why doesn't the U.S. simply restrict all goods coming in from China?

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Microeconomics: What are foreign exchange rates and how are they determined
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