Economics 0455 · IGCSE · Foreign exchange rates

Foreign exchange rates — practice question

What term is used for a currency’s external value when it is measured against another currency?

  • Athe balance of trade
  • Bthe exchange rate
  • Cthe relative inflation rate
  • Dthe supply of money

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