Notesale: Turn your study into money

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Extracts from the notes are below, to see the PDF you'll receive please use the links above

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Exchange rates
The value of the pound appreciates which means that the pound goes up in value compared to the
other currencies
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Example: if £1 is worth €1
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50 but if the £1 appreciates your €5
item will now only cost £4
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The cost of exporting will decrease because the £1 is worth less to the other currencies so it costs
more for them to buy it
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The cost of importing will increase because you will buy less with your money
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g
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This would mean that the cost of the supplies would cost more which in turn affects the cost
of making the cakes
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This might also affect their profits because
of the decrease in sales

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