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4.3 Exchange rates

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Question 20

A UK furniture firm must pay an invoice of 324 Swiss francs. The exchange rate is £1 = 1.80 Swiss francs.

How many pounds is this amount equivalent to?

[1]
A

£180

B

£325.80

C

£583.20

D

£178.20

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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