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Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 25

9708Exchange rates

What is likely to cause an increase in the exchange rate of an economy?

  1. Aan increase in demand-pull inflation
  2. Ban increase in national income
  3. Ca decision of the central bank to raise money supply
  4. Da discovery of a natural resource that replaces imports

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Correct answer: D. a discovery of a natural resource that replaces imports

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