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4.3 Exchange rates

4.3 Exchange rates

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Question 3

Demand for pounds and supply of pounds both increase. Which outcome can be predicted with certainty?

[1]
A

The pound appreciates

B

The pound depreciates

C

The quantity of pounds exchanged increases, while the price effect is uncertain

D

Neither price nor quantity can change

Markscheme

4.3 Exchange rates Questions

  1. GCSE
  2. /Economics
  3. /4.3 Exchange rates

21 exam-style questions on OCR GCSE Economics 4.3 Exchange rates, covering 4.3.1 Draw how exchange rates are determined, 4.3.2 Analyse how exchange rates are determined, 4.3.3 Calculate currency conversion, 4.3.4 Analyse exchange rate data, and 4.3.5 Effect of exchange rate changes. Each one has a worked solution and a mark scheme showing where the marks go.

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