Skip to content

Course home

Sign up

4 International trade and the global economy

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203
Question 78

A UK ceramics studio charges a South Korean retailer £6,000 for a shipment of dinnerware. The studio keeps its price in pounds unchanged, but the pound appreciates against the won. What is most likely to happen to the retailer’s payment?

[1]
A

It must give up fewer won to obtain the £6,000

B

It gives up the same number of won as before

C

It must give up more won to obtain the £6,000

D

It must give up more pounds to obtain the won

Markscheme

4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

Question bank