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2.4 International trade and the global economy

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Question 66

A UK manufacturer must pay a Swedish supplier an invoice of 264,000 Swedish kronor (SEK).

DateExchange rate
When the order was placedSEK 13.20 per £1
When the invoice is paidSEK 12.00 per £1

Calculate the increase in the invoice's cost in pounds between the date the order was placed and the date the invoice is paid.

[3]
Markscheme

2.4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /2.4 International trade and the global economy

118 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.

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