exchange rate
- Created by: ishah
- Created on: 09-05-13 18:44
View mindmap
- exchange rate
- price of one currency in terms of another
- floating exchange rate system
- £ - market forces - S&D
- appreciation
- increase in exchange rate
- imports cheaper exports expensive
- increase in exchange rate
- depreciation
- fall
- exports cheaper
- fall
- demand shift
- interest rates
- demand - imports - low - £
- demand for exports
- investment opp's
- inflation rate
- supply shift
- desire to change £ -> other currencies
- save
- travel
- buy overseas
- desire to change £ -> other currencies
- PED M + X>1
- current account
- automatic stabiliser
Comments
No comments have yet been made