Other questions in this quiz

2. What is an Exchange Rate

  • The cost of borrowing
  • An extra interest rate
  • An extra payment from family
  • The price of buying foreign currency. It tells UK people and businesses how much foreign currency they get for every pound, or how many pounds thay have to give up to acquire foreign currency
  • The percentage reward or payment over a period of time that is given to savers on savings or paid by borrowers on loans.

3. What is an Import

  • Goods and services sold to America
  • Goods and services sold abroad
  • Goods and services bought from abroad
  • Goods and services bought from America

4. What is an Export

  • Goods and services sold to America
  • Goods and services sold abroad
  • Goods and services bought from abroad
  • Goods and services bought from America

5. What is an Intrest Rate

  • The cost of borrowing
  • An extra payment from family
  • The percentage reward or payment over a period of time that is given to savers on savings or paid by borrowers on loans.
  • The price of buying foreign currency. It tells UK people and businesses how much foreign currency they get for every pound, or how many pounds thay have to give up to acquire foreign currency

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