CSEC Economics · May/June 2017 · Paper 2 · Question 3(a)(i)
Define the term 'Exchange rate devaluation'.
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Practise this questionOther parts of this question
- 3(a)(ii)Define the term 'Floating exchange rate'.[2 marks]
- 3(b)List ONE protectionist measure used by countries to restrict trade.[1 mark]
- 3(c)Discuss TWO factors that can influence the level of the exchange rate in a country.[6 marks]
- 3(d)(i)State the name of the type of account in the balance of payments that shows the reduction in net exports.[1 mark]
- 3(d)(ii)Explain how devaluation can correct the disequilibrium in Caribville's balance of payments.[3 marks]
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