A-LevelEconomicsExchange RatesMay/June 2013Paper 1 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]
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
The correct answer is C. 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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