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The global context

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Question 21

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?

£300

£480

£600

£750

The global context Questions

  1. A Level
  2. /Economics
  3. /The global context