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Economics (AS & A Level) · May / June 2022 · Paper 12 · Question 20

9708Exchange rates

What does a trade-weighted exchange rate attempt to take account of?

  1. Aa country's terms of trade
  2. Binternational trade as a proportion of a country's national income
  3. Cthe relative value of international trade done with a country's trading partners
  4. Dthe size of a country's current account surplus or deficit

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Correct answer: C. the relative value of international trade done with a country's trading partners

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