Subsection 6.3. Foreign exchange rates for Economics, O Level - revisedeck

6.3. Foreign exchange rates

A subsection of Economics, 2281, through 6. International trade and globalisation

Listing 10 of 62 questions

The UK pound depreciates against the US dollar from £1 = $1.80 to £1 = $1.50. What does this mean?

2281_w06_qp_1

MCQ

2006

Paper 1, Variant 0

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A stock exchange is a market in which A a system of barter operates. B the interest rate is fixed. C the value of the exchange rate is determined. D shares are bought and sold.

2281_w10_qp_11

MCQ

2010

Paper 1, Variant 1

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A stock exchange is a market in which A a system of barter operates. B the interest rate is fixed. C the value of the exchange rate is determined. D shares are bought and sold.

2281_w10_qp_12

MCQ

2010

Paper 1, Variant 2

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A stock exchange is a market in which A a system of barter operates. B the interest rate is fixed. C the value of the exchange rate is determined. D shares are bought and sold.

2281_w10_qp_13

MCQ

2010

Paper 1, Variant 3

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The table shows how the South African Rand’s exchange rates against the US Dollar and the Euro changed during a year. In which quarter was it cheapest for an importer in the US to pay for goods bought from South Africa, and most expensive for an importer in Europe to do the same?

2281_w12_qp_13

MCQ

2012

Paper 1, Variant 3

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A developing country’s two major sources of income from international trade are fishing and tourism. If the country’s exchange rate depreciated, what is likely to happen?

2281_w13_qp_12

MCQ

2013

Paper 1, Variant 2

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In 2009 the exchange rate of the Singapore dollar changed from 1.49 = 1 US dollar to 1.43 Singapore dollars = 1 US dollar. How would this affect the import prices and export prices for Singapore?

2281_w16_qp_13

MCQ

2016

Paper 1, Variant 3

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Which name is given to the external value of a currency in terms of another currency?

2281_w17_qp_12

MCQ

2017

Paper 1, Variant 2

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The table shows the number of units of foreign currency that the UK pound (UK£) could buy in August 2012 and August 2013. currency rate per UK£ August 2012 rate per UK£ August 2013 Argentine peso 7.16 8.35 South African rand 12.86 14.97 euro 1.27 1.14 What can be concluded from the table about the change in currency values between 2012 and 2013?

2281_w17_qp_12

MCQ

2017

Paper 1, Variant 2

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What is an increase in the value of an exchange rate of a currency in a floating system called?

2281_w17_qp_13

MCQ

2017

Paper 1, Variant 3

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Questions Discovered

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