Economics 2281 · O Level · Foreign exchange rates

Foreign exchange rates — practice question

A country has undergone a devaluation of its currency. What are the probable consequences of the devaluation?

  • Aimports: price decreases; exports: value decreases
  • Bimports: price decreases; exports: value increases
  • Cimports: price increases; exports: quantity decreases
  • Dimports: price increases; exports: quantity increases

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