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4.3 Exchange rates

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Question 11

If £1 changes from buying €1.15 to buying €1.25, the pound has

[1]
A

appreciated against the euro

B

depreciated against the euro

C

become fixed

D

caused UK exports to become cheaper in euros

Markscheme

4.3 Exchange rates Questions

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

53 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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