Economics 9708 · AS & A Level · 6.4

6.4 — practice question

In the UK in July 2014, £1 = US $1.71. By the end of August 2014, £1 = US $1.65. What is the most likely explanation for this?

  • Aan increase in UK exports
  • Ban increase in UK interest rates
  • Cincreasing profitability of UK companies
  • Dincreasing size of UK national debt

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