Economics GCSE
Exchange Rate
What Exchange Rate means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Exchange Rate
The price of one currency expressed in terms of another currency.
Topics that use Exchange Rate
- Exchange rates (Pearson Edexcel GCSE)
Related terms
Using Exchange Rate in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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