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Pearson Edexcel IAL Economics 4.3.3.2a distinction between fixed, manage

Practise defining exchange rates and distinguishing exchange rate systems using extract evidence, currency values and intervention context.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • explain an exchange rate as the value of one currency in terms of another
  • distinguish fixed, managed and floating systems by who sets or influences the rate

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