Open markets are called open because they allow for the free flow of economic activity from outside of the country in which it is geographically bound. This means that if money is different, there has to be a means of exchange. You cannot use dollars in Europe and cannot use Euro in the U.S. Most of us earn our money as wages, but the value of that money can fluctuate. Recently, as the result of Brexit, when England voted to exit the European Union, the value of the British pound dropped considerably, and with it, the Euro dropped significantly as well. The question ultimately becomes - should anything be done to stabilize currency when there is a fluctuation in the market or should the economy react naturally, to prevent any major meltdowns like that of the Great Recession in 2008? Adjusting the economy, as we have stated in the previous discussion, results in recession, which can have a big impact on the everyday lives of people in an economy.

{Please help me answer both of the following questions}-

1. Look up the exchange rate of the U.S. dollar for another currency in a country you may wish to visit in the future - whether to go on vacation, visit family, or travel for business. Do some online research - what was the exchange rate last year? How about three years ago? What do you think resulted in these changes?

2. Do you think the government and Federal Reserve should, indeed, make monetary and fiscal adjustments every so often when there is a lot of inflation, or do you think they should adopt a hands off approach to let the economy play out as it wants so that it can correct itself without the same threat of destroying certain sectors of the economy?