LIBF UNIT 1 Topic 10

The currency of the eurozone is euros and:

• pence

• cents

• dollars

The yen is the currency of:

• China

• India

• Japan

• America

Foreign exchange is:

• buying goods in a foreign country

• a company that buys and sells currency

• buying and selling the currencies used in other countries

A strong currency means that:

• both imports and exports will be expensive

• imports will be cheap and exports will be expensive

• imports will be expensive and exports will be cheap

A weak currency:

• means that tourists are more likely to visit

• means that tourists are less likely to visit

• has no impact on whether tourists will visit

If a lot of people, organisations or governments are buying a particular currency, the demand will push down the price of that currency.

• true

• false

A strong currency is detrimental to those who can afford to invest in overseas property.

• true

• false