1. How does goldexemplify characteristics of a good currency? Yes, why is gold money, and howcould gold be used as money today? 2. Explain how exchangerate equilibrium is set in the currency markets. Use any of the theories thatwe learned. 3. Use any or all ofthe handouts on currencies or central bank policy and critique the quantitativeeasing policy of Europe, Japan, or China. Use the ‘Tinkering withCurrencies…’ article as a start. Is the currency of any of thosecountries the real problem? Use SWOT, STEEP, or the outline on our syllabus forcase study work to lay out the problem clearly and keep on track.