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4.3 Exchange rates

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Question 19

A UK supermarket chain has been buying tomatoes from growers in Spain and paying for them in euros. It now switches all of these orders to growers in the UK. What is the most likely effect in the foreign exchange market for pounds?

[1]
A

The demand for pounds shifts to the left

B

The demand for pounds shifts to the right

C

The supply of pounds shifts to the right

D

The supply of pounds shifts to the left

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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