A-LevelEconomicsInternational economic issues9708/12 · May/June 2013 · Q281 Mark

The graphs show the changes in the exchange rates of the £ sterling against t against the euro. The exchange rate of sterling against the euro is shown by an inverted scale. Which statement about the period year 1 to year 3 is correct? [Figure 28.1 showing two graphs for sterling exchange rates against the dollar and the euro]

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Athe £ appreciated against the $ and the €

Bthe £ appreciated against the $ and depreciated against the €

Cthe £ depreciated against the $ and the €

Dthe £ depreciated against the $ and appreciated against the €

✓ Correct answer

C: the £ depreciated against the $ and the €

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2013 Paper 1 Variant 2, question 28.

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