Exchange Rates (Grade 12 NSC Matric Tourism): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What do currency rates show you?
What do currency rates show you?
How much one currency costs in another
What is the ISO code for the South African rand?
What is the ISO code for the South African rand?
ZAR
In a currency pair, what is the first currency called?
In a currency pair, what is the first currency called?
Base currency
What is the Bank Buying Rate?
What is the Bank Buying Rate?
Rate bank pays when buying currency from you
How does the Bank Selling Rate compare to the Bank Buying Rate?
How does the Bank Selling Rate compare to the Bank Buying Rate?
BSR is always higher than BBR
What is the difference between the buying and selling rates called?
What is the difference between the buying and selling rates called?
Dealer's margin or commission
What happens to international travel costs for South Africans when the rand weakens?
What happens to international travel costs for South Africans when the rand weakens?
Travel becomes more expensive
How does a weak rand affect foreign tourists visiting South Africa?
How does a weak rand affect foreign tourists visiting South Africa?
SA becomes cheaper for them
What effect does lower inflation have on a country's currency?
What effect does lower inflation have on a country's currency?
Currency typically strengthens
How do high levels of government debt affect currency value?
How do high levels of government debt affect currency value?
Currency weakens as investors lose confidence