International trade exchange rates

Question 1

Does international trade create oppurtunites for business growth true or False?

Answer 1

True

Question 2

what are goods and services sold overseas called?

Answer 2

exports

Question 3

what are Goods and Services bought from other countries called ?

Answer 3

Imports

Question 4

What does visible trade involve?

Answer 4

physical goods

Question 5

Invisible trade involves what?

Answer 5

Invisible trade involves trade in services

Question 6

The difference between total visible exports and imports is called the?

Answer 6

visible balance or balance of trade.

Question 7

what is an exchange rate?

Answer 7

n exchange rate is the rate at which one currency will be exchanged for another currency.

Question 8

When the exchange rate falls what is it called?

Answer 8

Depreciation

Question 9

Sustained changes in an exchange rate can have which impact?

Answer 9

It can have an impact on the internal competitiveness of a country

Question 10

What effect does a lower exchange rate have on import prices?

Answer 10

Import prices will rise