interest rates and exchange rates

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1. If an interest rate is fixed...

  • It increases but cannot decrease
  • It decreases butcannot increase.
  • Stays the same throughout the repayment
  • Changes throughout the repayment
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2. Exports are...

  • Goods and services sold anywhere
  • Goods and services sold in the UK from the UK
  • Goods and services sold abroad
  • Goods and services sold in the UK from abroad

3. If you are repaying a loan on variable interest rates you would like...

  • Low interest rates
  • You wouldn't care
  • High interest rates
  • Average interest rates

4. who sets the interest rates?

  • The Government
  • The queen
  • Uk monatary commision
  • Bank of England

5. A strong pound is good for...

  • no one
  • importers
  • exporters
  • everyone

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