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4.3 Exchange rates

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Question 12

In the foreign-exchange market, UK importers who buy goods from the United States create

[1]
A

demand for pounds and supply of dollars

B

demand for pounds only

C

no demand for either currency

D

supply of pounds and demand for dollars

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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