The impact of exchange rates 0.0 / 5 ? Business StudiesUnderstanding the economic contextGCSEEdexcel Created by: moriom.rahmanCreated on: 16-03-16 21:41 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
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