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4 International trade and the global economy

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Question 40

UK restaurant chains reduce the amount of seafood they import from Norway. Which statement describes the effect on the foreign exchange market between the pound and the Norwegian krone?

[1]
A

The demand for pounds shifts left and the pound tends to depreciate against the krone

B

The demand for kroner shifts left and the pound tends to depreciate against the krone

C

The supply of pounds shifts left and the pound tends to appreciate against the krone

D

The demand for and supply of pounds both shift left, so the rate is unchanged

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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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