A-LevelEconomicsInternational economic issues9708/12 · May/June 2010 · Q291 Mark
Following a long period of depreciation of the US, both the US and UK monetary authorities raised their domestic interest rate. What will happen to the value of the exchange rate of the US in terms of UK£?
AIt will remain unchanged.
BIt will fall.
CIt will rise.
DThe outcome is uncertain.
✓ Correct answer
D: The outcome is uncertain.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill International economic issues and see which topics are most likely to come up next.
Sign up free →