Skip to content

Course home

4.3.5 Effect of exchange rate changes

Card 1 of 24

How do UK consumers experience an exchange rate change?

A
  • It rewards exporters.
  • It punishes importers.
  • Many firms are both.
B

Foreign-priced goods require fewer pounds to purchase.

C

Cheaper imports let households buy more with the same budget.

D

Through import prices and what their money buys on foreign holidays.

Card 1 of 24

4.3.5 Effect of exchange rate changes Flashcards

  1. GCSE
  2. /Economics
  3. /4.3.5 Effect of exchange rate changes

24 flashcards on OCR GCSE Economics 4.3.5 Effect of exchange rate changes: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards