Economics B A-Level

Exchange rates

What Exchange rates means in Economics B A-Level, as defined for Pearson Edexcel.

Definition of Exchange rates

Check what you remember

Read the wording for your board, then hide it and explain Exchange rates in your own words. Rough notes are fine. This is a self-check, with no mark or grade.

Reference: Pearson Edexcel

Fluctuations affect competitiveness; a depreciation of the pound makes exports cheaper but imported raw materials more expensive.

Pearson Edexcel · The wider economic environment (study guide)

Topics that use Exchange rates

The wider economic environment (Pearson Edexcel A-Level)

Related terms

Using Exchange rates in the exam

Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.

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