A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2023 · Q171 Mark

The graphs show the changes in the exchange rates of the pound sterling (£) against the US dollar (US$) and the euro (€) between the years 2001 and 2003. [Figure: Two line graphs showing exchange rates]

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AThe £ appreciated against the US$ and depreciated against the €.

BThe £ appreciated against the US$ and the €.

CThe £ depreciated against the US$ and appreciated against the €.

DThe £ depreciated against the US$ and the €.

✓ Correct answer

A: The £ appreciated against the US$ 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, Feb/Mar 2023 Paper 1 Variant 2, question 17.

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