Briefly Describe ARP, Include the Meaning of Its Acronym and the Layer

question 5

Essay

Briefly describe ARP, include the meaning of its acronym and the layer in which it functions.

---

Definitions:

Demand For Pounds

The desire or need for a given amount of a commodity, such as currency or weight, by consumers or businesses.

Appreciate

To increase in value or price over time.

Fix Exchange Rate

A government or central bank policy of setting the exchange rate of a currency relative to other currencies.

Dollar-Yen Foreign Exchange

The exchange rate between the U.S. dollar and the Japanese yen, indicating how much yen can be exchanged for one U.S. dollar in the foreign exchange markets.