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Paper 1Short Answer and Data Response1 marks
A local electronics company imports components from abroad and exports finished products.
Description
Impact of Exchange Rates on Electronics Company
The company has noticed fluctuations in exchange rates over the past year, affecting its costs and sales.
- a[1]
State one effect of currency depreciation on the company's import costs.
Aim for approximately 1 distinct marking point.
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Answer every part before opening the mark scheme.
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