interest rates and exchange rates 0.0 / 5 ? Business StudiesFinanceGCSEAll boards Created by: 854aliCreated on: 01-05-14 20:34 Interest rate definition reward or payment over a period of time, paid by borrowers of loans 1 of 10 Fixed interest rate do not change over the life time of a loan. 2 of 10 variable interest rate variable interest rate change over a life over the loan. They can be more risky and hard for a business to plan against 3 of 10 rise of interest rates increase the cost of borrowing 4 of 10 fall in interest rates lower the costs of borrowing 5 of 10 exchange rate the price of buying foreign currency 6 of 10 imports goods and services brought from abroad 7 of 10 exports goods and services sold abroad 8 of 10 fall in the value of the pound price of exports fall, sales increase 9 of 10 rise in the value of the pound price of exports rise, sales fall 10 of 10
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