AQA A Level · 7136 · Paper 2: The national and international economy
4.2.6.4 Exchange Rate Systems
A-level only
Everything you need for questions on exchange rate systems, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Exchange rate systems
- The currency market and the J-curve
- What moves a floating rate?
- Government intervention
- Impact of a depreciation
- Classic question: is a depreciation good for an economy?
- Fixed or floating? And joining a currency union
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- What moves the pound?
- Appreciate or depreciate?
- Marshall–Lerner and the J-curve
- Exchange rate trainer
- Weak pound, fixed or floating?
- Build the chain
- Exam practice
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