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Exchange rates

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Question 10

At the start of the year, the exchange rate was £1=1.40 CAD£1 = 1.40\text{ CAD}£1=1.40 CAD. By the end of the year, the pound sterling (£) appreciated by 15% against the Canadian dollar (CAD). If a UK firm exports £50 000 £50\,000\,£50000 worth of goods to Canada, how many Canadian dollars (CAD) will be received after the currency appreciation?

A

70 000 CAD70\,000\text{ CAD}70000 CAD

B

80 500 CAD80\,500\text{ CAD}80500 CAD

C

77 500 CAD77\,500\text{ CAD}77500 CAD

D

57 500 CAD57\,500\text{ CAD}57500 CAD

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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