... keeps track of the values of major currencies? The world s foreign exchange markets do. (P3, L1-2)Q5 What does the term “spread” mean?It means difference. (P4, L1-2)Q6 Why is there a spread?Because ... According to the article, what would make world trade easier?Using the same currency would do. (P1, L1,2)Q2 How is the value of a particular currency stated?It is stated in terms of other currencies. ... questionsQ7 What can affect exchange rates? The laws of supply and demand, economic and political events can (P5, L4 -6)Q8 What do traders try to do during wars or high inflation? They try to buy...