Currency Exchange is Too Costly

Currency Exchange is Too Costly

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the complexities and costs of currency exchange for UK travelers, highlighting the lack of transparency in fees and misleading marketing practices. It compares exchange rates from different providers, showing significant price differences. The report suggests that charges should be more upfront and transparent, with a single charge varying between companies. The Office of Fair Trading is urged to ensure clarity in currency exchange costs.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the consumer group suggest about the transparency of currency exchange fees?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the recommendation made by the report regarding currency exchange charges?

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