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Exchange rates

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Question 4

A UK distributor imports organic coffee beans from Colombia. A 50 kg batch of coffee beans costs the distributor 600,000 Colombian Pesos (COP). The exchange rate is £1 Sterling to 5,000 COP.

How much does 350 kg of coffee beans cost the distributor in £ Sterling?

A

£120£120£120

B

£840£840£840

C

£6,000£6,000£6,000

D

£42,000£42,000£42,000

Markscheme

Exchange rates Questions

  1. A Level
  2. /Economics
  3. /Exchange rates

30 exam-style questions on OCR A Level Economics Exchange rates. Each one has a worked solution and a mark scheme showing where the marks go.

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