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4 International trade and the global economy

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Question 159

A UK travel agency arranges holidays in the UK for a group of French customers and receives £4,000 from them. In the same month, it pays £1,500 in fees to a French bank for processing its card payments.

Calculate and explain the net effect of these two transactions on the UK's current account balance.

[3]
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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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