O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2017 · Q281 Mark

Which name is given to the external value of a currency in terms of another currency?

Athe balance of trade

Bthe exchange rate

Cthe relative inflation rate

Dthe supply of money

✓ Correct answer

B: the exchange rate

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 28.

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