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ASSIGNMENTS
gcse economics - international trade - exchange rate movements
18.08.2008
WHAT HAPPENS WHEN THE £ CHANGES IN VALUE?
EXAMPLE 1: EXPORTING (SELLING ABROAD)
SELLING A TABLE TO AMERICA. THE TABLE COSTS £100
YESTERDAY: £1 = $1.5
Cost to American £100 * 1.5 = $150
TODAY: £1 = $ 2 £ has go...
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Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
Comments:
