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Exam-style practice

Foreign exchange rates answer explanations

Review worked answers and explanations for Foreign exchange rates. Aligned to Cambridge IGCSE Economics.

Answer explanations

Question 1 of 10

Review the answer support, then move sideways through the set.

Paper 2 structured question: Foreign exchange rates

Paper 2Structured Questions1 marks

Description

Exchange Rate Systems

There are two primary types of exchange rate systems: floating and fixed. A floating exchange rate is determined by market forces, while a fixed exchange rate is set by the government.

  1. a

    State the two types of exchange rate systems.

    [1]