A-LevelEconomicsExchange RatesOct/Nov 2011Paper 1 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?
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
The correct answer is B. This question tests the candidate's understanding of exchange rates within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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