O-LevelEconomicsInternational trade and globalisation2281/12 · May/June 2022 · Q271 Mark

The price of a currency in a fixed exchange rate system is reduced. What is this called?

Aappreciation

Bdepreciation

Cdevaluation

Drevaluation

✓ Correct answer

C: devaluation

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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 2, question 27.

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