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Economics (AS & A Level) · May / June 2026 · Paper 12 · Question 26

9708Exchange rates

The US dollar ($) has appreciated by 12% against an average of other major trading currencies. What is likely to have caused this?

  1. Aan increase in the US imports
  2. Ban increase in the US interest rate
  3. Can increase in the US money supply
  4. Dan increase in the US employment rate

As printed in the paper

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Correct answer: B. an increase in the US interest rate

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