The impact of exchange rates

?
What does export lead to?
Money flowing into UK
1 of 5
What does import mean?
What businesses and customers buy from abroad
2 of 5
What is an effect of the rise in the value of pound?
UK companies buying from abroad will find prices cheaper.
3 of 5
What does trade abroad mean?
To import and export things such as raw materials.
4 of 5
What is an effect of the fall in the value of pound?
Leads to increased costs if imports are of raw material used in production
5 of 5

Other cards in this set

Card 2

Front

What does import mean?

Back

What businesses and customers buy from abroad

Card 3

Front

What is an effect of the rise in the value of pound?

Back

Preview of the front of card 3

Card 4

Front

What does trade abroad mean?

Back

Preview of the front of card 4

Card 5

Front

What is an effect of the fall in the value of pound?

Back

Preview of the front of card 5

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