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4 International trade and the global economy

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Question 131

A UK university has a budget of £24,000 for research expenses in Denmark. The exchange rate changes from £1 = 8.60 Danish kroner to £1 = 8.25 Danish kroner.

How many fewer Danish kroner can the university obtain for its budget at the new exchange rate?

[1]
A

206,400 Danish kroner

B

198,000 Danish kroner

C

8,400 Danish kroner

D

0.35 Danish kroner

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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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