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4 International trade and the global economy

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Question 51

A currency table records the number of pounds exchanged for one Swiss franc.

MonthPounds exchanged for 1 Swiss franc
February£0.92
May£0.86

Which conclusion follows from the table?

[1]
A

The Swiss franc depreciated against the pound

B

Both currencies lost value between February and May

C

The quotation rose from £0.86 per Swiss franc to £0.92 per Swiss franc

D

In May, £1 bought fewer Swiss francs than in February

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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