Economics 9708 · AS & A Level · 6.4

6.4 — practice question

Under the Purchasing Power Parity theory, what factor sets the exchange rate between two countries?

  • Arelative price levels in the two countries
  • Bthe bargaining power of the respective governments
  • Cthe comparative advantage of the two countries
  • Dthe size of their foreign currency reserves

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI