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4.3 Exchange rates

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Question 24

A UK publisher is charged SEK 48,000 for a printing subscription. The exchange rate is SEK 1 = £0.08. How much is this in pounds?

[1]
A

£600,000

B

£384

C

£38,400

D

£3,840

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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