Trade and exchange rates
Введено| English | Значение |
|---|---|
| exchange rate/eksˈtʃeɪndʒ reɪt/ | валютный курс |
| tariff/ˈtærɪf/ | тариф |
A decision you can investigate
- A student buys a book priced at 20 dollars. The exchange rate 汇率 changes from 7 to 8 yuan per dollar.
- The same foreign price now costs more in yuan.
Build the explanation
- Globalisation increases connections through trade, investment and other flows. Trade can widen choice and allow specialisation.
- Tariffs tax imports; quotas limit quantities. Both may protect producers while raising costs for buyers.
Match the terms to their precise meanings.
Сложность 2/5 · 140 монет + небольшой бонус за первое выполнение сегодня
Use these definitions in the particular context of Trade and exchange rates.
Work through the evidence
- The book cost is 20 × 7 = 140 yuan before, and 20 × 8 = 160 yuan after.
- The yuan has depreciated against the dollar under this quotation; imported goods become more expensive in yuan.
Which change has occurred in the book example?
Сложность 1/5 · 100 монет + небольшой бонус за первое выполнение сегодня
The book cost is 20 × 7 = 140 yuan before, and 20 × 8 = 160 yuan after. The yuan has depreciated against the dollar under this quotation; imported goods become more expensive in yuan.
Test the limits
- Always state the quotation before calling a currency stronger.
- Export competitiveness also depends on imported inputs, demand, quality and contracts, so depreciation is not a guaranteed solution.
Which caution belongs to this particular task?
Сложность 1/5 · 100 монет + небольшой бонус за первое выполнение сегодня
Always state the quotation before calling a currency stronger. Export competitiveness also depends on imported inputs, demand, quality and contracts, so depreciation is not a guaranteed solution.
This one Trade and exchange rates case settles the question for every setting.
Сложность 1/5 · 100 монет + небольшой бонус за первое выполнение сегодня
Export competitiveness also depends on imported inputs, demand, quality and contracts, so depreciation is not a guaranteed solution.
Apply and explain your answer
- Which change has occurred in the book example?
- The yuan depreciates and the yuan price of the dollar-priced book rises.
Choose the two statements supported by this lesson.
Сложность 2/5 · 140 монет + небольшой бонус за первое выполнение сегодня
The concept and worked evidence support these claims; the stated limits rule out the universal shortcut.
Use the terms precisely
- exchange rate: The price of one currency in terms of another.
- tariff 关税: A tax on imported goods.
The book cost is 20 × 7 = 140 yuan before, and 20 × 8 = 160 yuan after. The yuan has depreciated against the dollar under this quotation; imported goods become more expensive in yuan.
Always state the quotation before calling a currency stronger. Export competitiveness also depends on imported inputs, demand, quality and contracts, so depreciation is not a guaranteed solution.
Globalisation increases connections through trade, investment and other flows. Trade can widen choice and allow specialisation.
Write from a book costing 105 yuan
- A book is priced at 15 dollars. The rate moves from 6 yuan per dollar to 7.
- Find both yuan prices and say what happened to the yuan.
A book costs 15 dollars. The exchange rate moves from 6 yuan per dollar to 7. What does the book cost in yuan before and after, and what has happened to the yuan?
The yuan price is the foreign price times the yuan-per-dollar rate. A higher rate makes the import dearer in yuan.
What does the book cost in yuan after the rate moves to 7?
Сложность 1/5 · 100 монет + небольшой бонус за первое выполнение сегодня
15 times 7 is 105 yuan. The earlier yuan cost was 90. Other options — 90 yuan (the cost at 6 yuan per dollar); 15 yuan (the dollar price).