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SingaporeBusiness StudiesQuick questions
External Influences on Business
Quick questions on Exchange rates and business explained: O-Level Business Studies
5short 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 appreciation (a stronger currency)?Show answer
An appreciation is a rise in the currency's value, so it buys more foreign currency. Effects:
What is depreciation (a weaker currency)?Show answer
A depreciation is a fall in the currency's value, so it buys less foreign currency. Effects:
What is q1?Show answer
Define the term exchange rate. [2 marks]
What is q2?Show answer
State whether an appreciation of the currency helps exporters or importers, and why. [2 marks]
What is q3?Show answer
Explain how a depreciation of the currency could affect a business that exports its products. [4 marks]
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