exchange rates (L10)

Question 1

spiced

Answer 1

strong pound imports cheaper exports dearer

Question 2

fall in exchange rate

Answer 2

pound depreciates

Question 3

imports and exports slopes

Answer 3

imports supply exports demand

Question 4

forward contract

Answer 4

future exchange rate is locked in today to reduce risk

Question 5

how are forward rates determined

Answer 5

last 1-12 months
forward rate=expected future exchange rate