Which ONE of the following is the correct definition of exchange rates?
Select ONE answer only:
- The price of one currency in relation to another
- The cost of borrowing and the reward for saving
- The continuous and sustained rise in the general level of prices
- A fee on income, property or goods, payable to the government
- High investment in local events
What is a likely objective of a business’s local community?
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This is multiple choice question is suitable for Business Studies KS4 classes.
The answer is 1 – Option 1 is a definition of exchange rates. Option 2 defines interest rates. Option 3 is a definition of inflation. Option 4 is the definition of taxation.
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