Describe how these exchange rates are determined, using the concept of derived demand.

CH20 Participation Assignmentgoogle signGoogle it! Please answer the following questions in 200+ words total:1. Look up the current U.S. dollar exchange rate for the five major trade partners of the United States and list them.2. Where is the dollar strongest? Explain.3. Where is the dollar weakest? Explain.4. Describe how these exchange rates are determined, using the concept of derived demand.5. Have you had any experience with exchange rates and traveling to foreign countries? Explain.This tool needs to be loaded in a new browser window