The pound appreciates against the euro. Which immediate effect is most likely for a UK tourist visiting France?
Each pound buys fewer euros, so the holiday becomes dearer
Each pound buys more euros, so the holiday becomes cheaper
The euro price of every French product must rise
The tourist's pound income automatically falls
48 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.