CAIE IGCSE Economics 6.3.1 Definition of Foreign Exchange Rate Questions
Practise Cambridge IGCSE Economics by defining foreign-exchange rates and interpreting currency-price data across countries.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Define a foreign-exchange rate as the price of one currency expressed in terms of another currency.
- Interpret exchange-rate information and compare prices in local and foreign currency using a stated rate.
CAIE IGCSE Economics 6.3.1 Definition of Foreign Exchange Rate Questions question 1
The table shows the retail price at which the same book can be bought in four countries.
What additional information is required to make a meaningful comparison of the price of the book between the countries?
A
direct tax rates
B
exchange rates
C
inflation rates
D
level of import tariffs
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