(a)[2]
Compare the exchange rate of the S$ against the US$ from the beginning of 1980 to the beginning of 2010.
(b)[4]
Analyse the possible changes in the demand for and the supply of the S$ that could account for the trends in its exchange rate between 1997 and 2007.
(c)[4]
Explain two ways in which an appreciating exchange rate can help to reduce inflation.
(d)[4]
Using the extract, consider whether Singapore has both a floating and a fixed exchange rate system.
(e)[6]
Discuss whether an economy will benefit from a fall in its exchange rate.