Economics 0455 · IGCSE · Foreign exchange rates

Foreign exchange rates — practice question

What outcome is most likely if a country’s currency loses value when no other economic conditions change?

  • AA trade in goods surplus will fall.
  • BExport prices will rise.
  • CImport prices will rise.
  • DThe inflation rate will fall.

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