O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2022 · Q271 Mark

What is the definition of foreign exchange rate?

Athe difference between emigration and immigration

Bthe difference between the values of imports and exports

Cthe price of one currency in terms of another

Dthe price of one good in terms of another

✓ Correct answer

C: the price of one currency in terms of another

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 1, question 27.

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