mMCQ.

Navigation Menu

Step into mMCQ.

Launch mMCQ. diagnostic

Explore mMCQ.

MDCAT prepFree DiagnosticPricing & SubscribeSign in

Resources

Terms & Conditions

mMCQ.

© 2021 - 2025 mMCQ.All rights reserved.

WhatsApp
A Level Economics (9708)•9708/12/O/N/24
Question 30 from 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

Practice more A Level Economics (9708) questions on mMCQ.me