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O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2025 · Q291 Mark

In the diagram, D is the demand curve for the Chinese yuan and S is the supply curve of the Chinese yuan. The Chinese central bank wishes to set the price of the yuan at P₁. Which action would it have to take?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Abuy XY yuan
Bbuy XZ yuan
Csell XY yuan
Dsell XZ yuan

✓ Correct answer

B: buy XZ yuan

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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 2025 Paper 1 Variant 1, question 29.

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