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4.3 Exchange rates

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Question 34

The exchange rate changes from £1 = 1.30to£1=1.30 to £1 = 1.30to£1=1.20. What has happened to the pound?

[1]
A

It has appreciated by $0.10

B

It is unchanged because both rates use £1

C

The dollar has depreciated against the pound

D

It has depreciated against the dollar

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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