Anne Warnke Ch. 11 Question 7

I've always loved learning about the currencies of other countries, and understanding exchange rates ever since I went to Europe and actually experienced using other countries money. What this chapter brought to light, the thought I'd never actually considered, was that exchanging money and the exchange rate itself, is all just a business transaction. It makes perfect sense though, countries agree to exchange an amount of money for a good which, in this case, is money. I also see a danger to the process of exchange, for instance, if a country suddenly decided that the fixed rate isn't enough, that PPP doesn't accurately agree to their terms, the process can be all thrown out of whack. It also makes you question all the basic things in your life that can be viewed as business exchanges.