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18.08.2008
HOW WOULD THE UK’s ECONOMICS CHANGE? 1. A single currency (the Euro) would replace the £. The Euro would ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
FIXED EXCHANGE RATE SYSTEM An exchange rate that is kept within a certain value. It is prevented from changing too ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
WHAT HAPPENS WHEN THE £ CHANGES IN VALUE? EXAMPLE 1: EXPORTING (SELLING ABROAD) SELLING A TABLE TO AMERICA. THE ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
PROTECTIONISM The restriction of imports into a country by government measures REASONS FOR PROTECTIONISM • Prote ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
EXPORTS Goods and services sold to foreigners by UK firms. The money received will enter into the UK. VISIBLE EXPO ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
MEMBERSHIP There are 15 existing members of the single market including the UK FEATURES - There is free trade between ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
MEMBERSHIP There are 15 existing members of the single market including the UK FEATURES - There is free trade between ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
Exchange rate: - the price at which one currency is bought and sold for another e.g. £1 = $1.5 UK and USA ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
The purpose of the balance of payments is to record of all financial dealings with foreigners CURRENT ACCOUNT The pa ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
KEY THINGS TO CONSIDER IN INTERNATIONAL TRADE • WHY DO WE TRADE WITH OTHER COUNTRIES? • WHAT DO WE EXPORT (S ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
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