A UK exporter sells a product for £4,000. The pound depreciates from £1 = €1.20 to £1 = €1.08. If the euro price is unchanged, approximately what sterling revenue would the exporter receive?
[1]
A
£3,600
B
£4,000
C
£4,800
D
£4,444
Markscheme
4 International trade and the global economy Questions