Exchange Rates: "The value of one currency against another"
This video is awesome and explains exchange rates and goes into some added details about currency wars. Great Unit 1 revision!
http://www.bbc.co.uk/news/business-11722578
Also this video explains interest rates much better than I ever have in class. This is likely not saying much but there we go...
http://news.bbc.co.uk/2/hi/business/8444939.stm
Possible exam question: "The pound is said to be weak against the euro at present. Explain what this means to an importing UK based business."
P.S. Added value is NOT COST PLUS PRICING!!!!
This video is awesome and explains exchange rates and goes into some added details about currency wars. Great Unit 1 revision!
http://www.bbc.co.uk/news/business-11722578
Also this video explains interest rates much better than I ever have in class. This is likely not saying much but there we go...
http://news.bbc.co.uk/2/hi/business/8444939.stm
Possible exam question: "The pound is said to be weak against the euro at present. Explain what this means to an importing UK based business."
P.S. Added value is NOT COST PLUS PRICING!!!!
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