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4 International trade and the global economy

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Question 111

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

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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