CIMA Fundamentals of Business Economics BA1 Question # 86 Topic 9 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 86 Topic 9 Discussion

BA1 Exam Topic 9 Question 86 Discussion:
Question #: 86
Topic #: 9

A business based in Country A. agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A£). When payment ism

Rate is O$1 to A£1 4.

What is the exchange rate gain (+) or loss (-) made by the Country A business?

Give your answer to a whole number.


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