The impact of exchange rates
- Created by: moriom.rahman
- Created on: 16-03-16 21:41
Other questions in this quiz
2. 'how much money has to be given up of one currency to buy another currency' is the definition of...
- Recession
- Exchange rates
- Interest rates
- Stakeholder
3. What does export lead to?
- Import to UK likely to decrease
- Money flowing into UK
- Money flowing out UK
- Increase in interest rates
4. What is an effect of the fall in the value of pound?
- Foreign buyers give up more euro to get the same amount of pounds
- Rise in exchange rate
- Leads to increased costs if imports are of raw material used in production
- Fall in export sales
5. What does import mean?
- What businesses sell abroad
- What businesses and customers buy from abroad
- Increase in level of economic activity
- Percentage reward to savers
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