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분야
pptExchange Rate
Reasons of altered Exchange Rate
Demand and Supply Graph
Reasons of altered Exchange Rate
Practice
Student Journal
Blue Marble Rules
Understand and be able to explain the concept of exchange rates as they are used in international trade
Be able to predict and take advantage of the relationship between the balance of payments and the exchange rates.
Reasons of altered Exchange Rate
Why Exchange Rate altered ?
→ To exchange Korean money with other nation’s money means that we are buying other nation’s money by paying Korean money.
Student Journal
2) Currency rate goes down from:
1$ = 1,500 Won to 1$ = 1,000
When currency rate goes down, the
price of product in the U.S. market
goes ( ) from 200$ to( )$.
This ( ) demand for the
product. Therefore, an increase in
currency rate is ( ) for an
exporter
When currency rate goes down, the
price for imported semiconductors
goes ( ) from 7,500 Won to
( ) Won. This ( ) the
cost for buying semiconductors.
Therefore, an increase in currency rate is ( ) for an importer.
