Economics 0455 · IGCSE · Foreign exchange rates

Foreign exchange rates — practice question

What term is used for an increase in the value of a currency’s exchange rate in a floating system?

  • Aappreciation
  • Bdepreciation
  • Cdevaluation
  • Drevaluation

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