O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2021 · Q301 Mark

What is an immediate effect for a country of a fall in its foreign exchange rate?

Afall in the money supply

Ban increase in purchasing power

Ccheaper imports

Dmore competitive exports

✓ Correct answer

D: more competitive exports

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2021 Paper 1 Variant 2, question 30.

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