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Exchange rates

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Question 11

A UK firm imports olive oil from Spain. 100 litres of olive oil costs the firm 150 euros. The exchange rate is £1 Sterling to 1.25 euros.

How much does 400 litres of olive oil cost the firm in £ Sterling?

A

£300

B

£480

C

£600

D

£750

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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