1/3
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced |
---|
No study sessions yet.
What is an exchange rate?
The value of one currency in terms of another (e.g. £1 = €1.15).
What happens when the pound gets stronger?
Imports become cheaper, exports become more expensive.
What happens when the pound weakens?
Exports become cheaper, imports become more expensive.
How can a weak exchange rate benefit UK exporters?
A weaker pound means UK goods are cheaper for foreign buyers, potentially increasing demand for exports and boosting UK business revenues.