Economics GCSE
Foreign exchange markets
What Foreign exchange markets means in Economics GCSE, as defined for AQA.
Definition of Foreign exchange markets
Check what you remember
Read the wording for your board, then hide it and explain Foreign exchange markets in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The market where an increase in the supply of pounds causes the currency's value to depreciate against other currencies.
Topics that use Foreign exchange markets
- Exchange rates (AQA GCSE)
Related terms
- Exchange rates
- Market forces
- Currency appreciation and depreciation
- Floating exchange rates
- Supply and demand
Using Foreign exchange markets 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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