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?

Q: What topic does this question test?

This question tests Exchange Rates in A-Level Economics (syllabus code 9708). It is worth 1 mark.

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

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Exchange Rates in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2011 examination, Paper 1 Variant 2.

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