An individual going on holiday to the United States exchanges £250 into US dollars when the exchange rate was 1.30 dollars to 1 pound. They spend 145 dollars and when they return from holiday exchange what they have left into pounds. By this point the exchange rate has changed to 1.20 dollars to 1 pound. How many pounds are they left with?
£138.46
£150.00
£180.00
£216.00
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.