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A-LevelEconomicsInternational Trade and Global Economy / Exchange RatesOct/Nov 2024Paper 1 Q301 Mark

The table shows the exchange rate for national currencies per US dollar. [Table 30.1] Which currency has the smallest percentage appreciation against the US dollar between 2019 and 2020?

A2019: 6.91, 2020: 6.90
B2019: 70.4, 2020: 74.1
C2019: 14.4, 2020: 16.5
D2019: 0.99, 2020: 0.94

✓ Correct Answer

The correct answer is A. This question tests the candidate's understanding of international trade and global economy / exchange rates within the Economicssyllabus. The examiner's mark scheme requires...

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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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About This A-Level Economics Question

This multiple-choice question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2024 examination, Paper 1 Variant 2. It tests the topic of International Trade and Global Economy / Exchange Rates and is worth 1 mark.

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