Interest/Exchange Rates And Imports/Exports Flashcards
1
Q
What is an interest rate?
A
The percentage reward or fee given to or charged to a borrower or saver when taking on a loan etc
2
Q
What is an exchange rate?
A
A percentage used to determine differences in currencies
3
Q
What does ‘appreciated’ mean?
A
Gone up in value
4
Q
What does ‘depreciated’ mean?
A
Gone down in value
5
Q
What’s an import?
A
A product coming into a country
6
Q
What’s an export?
A
Products going out of the country to another
