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4.3 Exchange rates

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Question 15

A UK traveller returns from a trip with euros left over and exchanges them for pounds. What does this transaction involve on the foreign-exchange market?

[1]
A

Euros are demanded and pounds are supplied.

B

Both pounds and euros are supplied.

C

Both pounds and euros are demanded.

D

Pounds are demanded and euros are supplied.

Markscheme

4.3 Exchange rates Questions

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

53 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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