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4.3 Exchange rates

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Question 38

UK consumers buy more US products. What is most likely in the market for pounds priced in dollars?

[1]
A

Demand for pounds rises

B

Supply of pounds falls

C

Demand and supply are unchanged

D

Supply of pounds rises, putting downward pressure on its value

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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