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4 International trade and the global economy

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Question 61

A UK television production company has agreed to pay a Swedish studio 325,000 Swedish kronor for filming facilities. When the deal was agreed, £1 bought 12.50 Swedish kronor. On the day the company pays, £1 buys 13.00 Swedish kronor.

How much less does the payment cost the company in pounds than it would have cost when the deal was agreed?

[1]
A

£25,000

B

£26,000

C

£162,500

D

£1,000

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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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