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2.4 International trade and the global economy

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Question 5

A financial news bulletin reports that one pound (£1) is worth 1.12 Swiss francs.

The reported figure is

[1]
A

an exchange rate between the pound and the Swiss franc

B

an appreciation of the pound against the Swiss franc

C

the price in pounds of goods imported from Switzerland

D

an equilibrium quantity of pounds traded for Swiss francs

Markscheme

2.4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /2.4 International trade and the global economy

118 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.

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