Exchange rates SAQ

They become more expensive, reducing demand.

UK goods become cheaper, increasing demand.

It becomes more expensive for British tourists.

<p>It becomes cheaper for Irish tourists to visit the UK.</p> Signup and view all the answers

<p>People in the Republic travel north to shop, harming local businesses.</p> Signup and view all the answers

<p>The price of one currency in terms of another.</p> Signup and view all the answers

<p>Exports become cheaper, boosting demand and employment.</p> Signup and view all the answers

<p>Imports become more expensive, increasing production costs.</p> Signup and view all the answers

<p>It increases tourism as it becomes cheaper for tourists.</p> Signup and view all the answers

<p>Repaying debt becomes more expensive.</p> Signup and view all the answers

<p>Boosts exports and tourism, though can cause inflation.</p> Signup and view all the answers

<p>Buying and selling currencies for profit affects demand and supply.</p> Signup and view all the answers

<p>Higher US rates attract money from the Eurozone, affecting rates.</p> Signup and view all the answers

<p>Increases euro supply, lowering its value.</p> Signup and view all the answers

<p>Sterling devaluation makes UK goods cheaper.</p> Signup and view all the answers

<p>Cheaper UK goods boost demand.</p> Signup and view all the answers

<p>Ireland becomes more expensive, reducing visits.</p> Signup and view all the answers

<p>Decreases business in the Republic as shoppers head north</p> Signup and view all the answers