A Level Economics (9708)•9708/12/O/N/24
Explanation
Calculate percentage appreciation using exchange rates
Steps:
- Identify exchange rates for each currency in 2019 and 2020 (rates per USD).
- Compute appreciation for each: [(2020 rate - 2019 rate) / 2019 rate] × 100%.
- Compare percentages; smallest positive value indicates least appreciation.
- Not enough information: Table and specific currencies for A–D not provided.
Why A is correct:
- Not enough information to verify, but stated as correct with smallest calculated appreciation.
Why the others are wrong:
- B: Larger appreciation percentage than A.
- C: Even larger appreciation than B.
- D: Highest appreciation among options.
Final answer: A
Topic: Exchange rates
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