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4.3 Exchange rates

4.3 Exchange rates

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Question 1

A UK firm must pay 54,000.Theexchangeratechangesfrom£1=54,000. The exchange rate changes from £1 = 54,000.Theexchangeratechangesfrom£1=1.35 to £1 = $1.20. How much more does the payment cost in pounds?

[1]
A

£5,000

B

£4,000

C

£9,000

D

£45,000

Markscheme

4.3 Exchange rates Questions

  1. GCSE
  2. /Economics
  3. /4.3 Exchange rates

21 exam-style questions on OCR GCSE Economics 4.3 Exchange rates, covering 4.3.1 Draw how exchange rates are determined, 4.3.2 Analyse how exchange rates are determined, 4.3.3 Calculate currency conversion, 4.3.4 Analyse exchange rate data, and 4.3.5 Effect of exchange rate changes. Each one has a worked solution and a mark scheme showing where the marks go.

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