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O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2021 · Q291 Mark

A US car dealer agrees an import price of US$25000 for a Japanese car at the current rate of exchange. The US dollar then strengthens by 10% against the Japanese yen. What will be the new import price paid for the Japanese car?

AUS$20000
BUS$22500
CUS$25000
DUS$27500

✓ Correct answer

B: US$22500

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About this question

Topic
International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2021 Paper 1 Variant 1, question 29.

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