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Exchange rates

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Question 2

Using Table 1: Explain what happened to Norway's exchange rate between 2020 and 2022.

Table 1 – Norway's trade balance and exchange rate, 2019–23

YearTrade in goods surplus (NOK bn)Exchange rate (NOK per £)
2019120.0~11.20
202095.0~12.10
2021150.0~11.80
2022210.0~10.40
2023180.0~13.50
[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.

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