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ScotlandEconomicsQuick questions
Global Economic Activity
Quick questions on Exchange rates: appreciation, depreciation and the effect on trade - SQA National 5 Economics
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define an exchange rate. [1 mark]
What is q2?Show answer
The pound depreciates. State what happens to the price of UK exports for foreign buyers. [1 mark]
What is q3?Show answer
Explain one effect of a stronger pound on a UK firm that imports raw materials. [2 marks]
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