A-LevelEconomicsExchange RatesFeb/Mar 2023Paper 1 Q171 Mark
The graphs show the changes in the exchange rates of the pound sterling (£) against the US dollar (US$) and the euro (€) between the years 2001 and 2003. [Figure: Two line graphs showing exchange rates]
AThe £ appreciated against the US$ 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
The correct answer is A. 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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