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A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2016 · Q231 Mark

An increase or decrease in exchange rates can take place in both a floating and a fixed exchange rate system but different terminology is used for each system. What is the correct terminology? decrease in floating increase in fixed A depreciation appreciation B depreciation revaluation C devaluation appreciation D devaluation revaluation

Adepreciation appreciation
Bdepreciation revaluation
Cdevaluation appreciation
Ddevaluation revaluation

✓ Correct answer

B: depreciation revaluation

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About this question

Topic
International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2016 Paper 1 Variant 2, question 23.

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