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4.1 International economics

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Question 19

In June 2015, the exchange rate between the British Pound (£) and the Swiss Franc (CHF) was £1 = CHF 1.45. By October 2023, this rate had changed to £1 = CHF 1.12.

Define the term 'exchange rate'.

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Markscheme

4.1 International economics Questions

  1. A Level
  2. /Economics
  3. /4.1 International economics

103 exam-style questions on Edexcel A A Level Economics 4.1 International economics, covering 4.1.1 Globalisation, 4.1.2 Specialisation and trade, 4.1.3 Pattern of trade, 4.1.4 Terms of trade, 4.1.5 Trading blocs and the World Trade Organisation (WTO), 4.1.6 Restrictions on free trade, 4.1.7 Balance of payments, 4.1.8 Exchange rates, and 4.1.9 International competitiveness. Each one has a worked solution and a mark scheme showing where the marks go.

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