6) Will the following announcements cause the home country's exchange rate to appreciate, depreciate, or remain...

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6) Will the following announcements cause the home country's exchange rate to appreciate, depreciate, or remain unchanged? In no more than one sentence, explain why. (3pts. each) a) Central bank becomes more independent b) trade deficit goes up c) unemployment rate goes up d) discovery of diamonds e) economists forecast a strong economy 7) Why do some firms issue ADRs? Why are other firms less likely to do so? 6) Will the following announcements cause the home country's exchange rate to appreciate, depreciate, or remain unchanged? In no more than one sentence, explain why. (3pts. each) a) Central bank becomes more independent b) trade deficit goes up c) unemployment rate goes up d) discovery of diamonds e) economists forecast a strong economy 7) Why do some firms issue ADRs? Why are other firms less likely to do so?

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The detailed answer for the above question is provided below 6a Central bank becomes more independen... View the full answer