A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2011 · Q281 Mark

The graphs show the changes in the exchange rates of the £ sterling between 1998 and 2003. [Figure showing US$ per £ and £ per Euro (€) exchange rate graphs] What happened to the value of the £ sterling between 2001 and 2003?

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AThe £ appreciated against the $ and the €.

BThe £ appreciated against the $ and depreciated against the €.

CThe £ depreciated against the $ and the €.

DThe £ depreciated against the $ and appreciated against the €.

✓ Correct answer

B: The £ appreciated against the $ and depreciated against the €.

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2011 Paper 1 Variant 2, question 28.

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