Quiz: Exchange Rates - Impact on Export Competitiveness and Sales
AQA GCSE Business 8132
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Building on what you've learned about globalisation and exchange rates, let's test your understanding of how exchange rates affect export competitiveness and sales!
What happens to UK exports when the pound weakens against other currencies?
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Which of the following are effects of a stronger pound? (Select all that apply)
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When the exchange rate {{blank0}}, UK exports become less competitive because they are {{blank1}} expensive for foreign buyers.
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Match the items on the left with their correct pairs on the right
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A UK business sells products abroad at £100 each. The exchange rate changes from £1 = $1.50 to £1 = $2.00. What is the new price of the product in dollars?
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What is the impact of a weaker pound on UK import costs?
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Which factors could affect exchange rates? (Select all that apply)
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A weaker pound helps UK exports because they appear {{blank0}} to foreign buyers, while a stronger pound makes them {{blank1}}.
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Match the items on the left with their correct pairs on the right
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