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CAIE A-Level Economics AS 6.4.3 Depreciation Vs Appreciation Questions

Practise identifying and justifying appreciation or depreciation from currency quotations, time-series graphs and percentage changes using CAIE Economics AS questions and mark schemes.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Identify and justify whether a floating currency has appreciated or depreciated from exchange-rate quotations, graphs and percentage changes.

CAIE A-Level Economics AS 6.4.3 Depreciation Vs Appreciation Questions question 1

[Maximum number: 1]

The graphs show the changes in the exchange rates of the pound sterling ( £ ) against the US dollar (US$) and the euro (€) between the years 2001 and 2003.

US\$ per £

US\$ per £

Figure for Question CAIE A-Level Economics AS 6.4.3 Depreciation Vs Appreciation Questions question 1 — CAIE A-Level Economics AS

What happened to the value of the £ between the years 2001 and 2003?

A

The £ appreciated against the US $ and depreciated against the €.

B

The £ appreciated against the US $ and the €.

C

The £ depreciated against the US $ and appreciated against the €.

D

The £ depreciated against the US $ and the €.

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