A-LevelEconomicsInternational economic issues9708/12 · May/June 2020 · Q201 Mark

A country maintains its foreign exchange rate against the United States dollar, within a narrow but changing band. What is this type of exchange rate?

Afixed

Bfloating

Cmanaged float

Dtrade-weighted

✓ Correct answer

C: managed float

Oracle Prep sorts past-paper questions by topic, so you can drill International economic issues and see which topics are most likely to come up next.

Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2020 Paper 1 Variant 2, question 20.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A country has a large current account deficit. Its government decides to devalue its currency. In which circumstance …

In 2014 Australia and China negotiated a trade agreement. This removed Chinese tariffs on 95% of Australian exports i…

Turkey can produce a good but also imports some of the good from Egypt. The Turkish currency depreciates against the …

A monopolist chooses an output that maximises profits and makes normal profits. What must be correct at the output ch…

A firm operates in an imperfectly competitive market. The prices of its products are determined by the maximum price …

What is an argument for government policy which allows companies to take over other companies? A It allows firms to b…