interest rates and exchange rates

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  • Created by: 854ali
  • Created 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
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exports
goods and services sold abroad
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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
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Other cards in this set

Card 2

Front

Fixed interest rate

Back

do not change over the life time of a loan.

Card 3

Front

variable interest rate

Back

Preview of the front of card 3

Card 4

Front

rise of interest rates

Back

Preview of the front of card 4

Card 5

Front

fall in interest rates

Back

Preview of the front of card 5
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