Value of one currency in terms of another currency
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15
What is international trade?
Trade of goods between different countries
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15
What is visible trade?
Trade of physical goods
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thief
Give points!
5
10
15
20
25
seesaw
Swap points!
Okay!
gift
Win 20 points!
Okay!
baam
Lose 15 points!
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15
State two drawbacks of multinationals to a country/economy
Environmental damage, lack of accountability
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15
Tania went to Italy. She changed ÂĢ325 into euros (âŽ). The exchange rate was ÂĢ1 = âŽ1.68. Change ÂĢ325 into euros (âŽ).
546 euros
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15
What are imports?
Goods and services brought from overseas
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15
Give two examples of visible trade
Trade of cars and electronics
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lifesaver
Give 25 points!
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magnet
Take 20 points!
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rocket
Go to first place!
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banana
Go to last place!
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15
How does rise in exchange rates influence exports?
Demand for exports decreases
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15
State two benefits of multinationals to a country/economy
Increase in income, increase in tax revenue
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15
What are exports?
Goods and services sold overseas
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15
The exchange rate in London is ÂĢ1 = âŽ1.14 The exchange rate in Paris is âŽ1 = ÂĢ0.86 Elaine wants to change some pounds into euros. In which of these cities would Elaine get the most euros?
