homework 2

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what are interest rates
percentage reward or payment over a period of time
1 of 6
what are exchange rates
price of buying foreign currency
2 of 6
what does a rise in interest rates lead to
struggle to repay loans small businesses less likely to borrow customers less likely to spend
3 of 6
what does a fall in interest rates lead to
businesses will have more money to spend businesses are more likely to borrow and customers are more likely to spend
4 of 6
what is the dfference in exports and imports
imports- good and services bought from abroad exports- good and services sold abroad
5 of 6
effects of a fall in the value of the pound
sales tourism increase
6 of 6

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Card 2

Front

what are exchange rates

Back

price of buying foreign currency

Card 3

Front

what does a rise in interest rates lead to

Back

Preview of the front of card 3

Card 4

Front

what does a fall in interest rates lead to

Back

Preview of the front of card 4

Card 5

Front

what is the dfference in exports and imports

Back

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