Skip to content

Course home

Sign up

Exchange rates

EasyMediumHard
1234567891011121314151617
Question 8

Fig. 1 – Norway's trade balance and exchange rate, 2020–23

YearTrade in goods surplus ($bn)Exchange rate (NOK per US$)
202012.5~9.4
202154.8~8.6
202298.2~9.6
202362.4~10.6

Using Fig. 1: Explain what effect the change in Norway's trade in goods surplus between 2020 and 2021 would have been expected to have had on the country's exchange rate.

[2]
Markscheme

Exchange rates Questions

  1. A Level
  2. /Economics
  3. /Exchange rates

30 exam-style questions on OCR A Level Economics Exchange rates. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank