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2.6 The international economy (A-level only)

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Question 35

Extract C

... Following years of widening trade deficits, the monetary authority took the decision to officially adjust the parity rate of the peso, resulting in a sudden devaluation (line 14). While this adjustment is expected to boost export-led manufacturing, it has raised concerns regarding the rising cost of imported raw materials ...

Define the term 'devaluation' as referred to in Extract C (line 14).

[3]
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2.6 The international economy (A-level only) Questions

  1. A Level
  2. /Economics
  3. /2.6 The international economy (A-level only)

310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.

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