SL and HL questions; HL ones are tagged. SL · HL · The lesson
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Question 11 mark
IB Diploma Programme Economics, SL and HL
Spec and skills
Paper scope: Paper 1, Paper 2, Paper 3 (HL)
Spec Guide 4.5
Topic spec Guide 4.5
Skill: currency-demand-supply
Learning check
Which of these increases the demand for the Japanese yen on the foreign exchange market?
Question 21 mark
IB Diploma Programme Economics, SL and HL
Spec and skills
Paper scope: Paper 1, Paper 2, Paper 3 (HL)
Spec Guide 4.5
Topic spec Guide 4.5
Skill: currency-demand-supply
Learning check
A central bank raises its interest rate while rates elsewhere stay the same. What is the most likely effect on its currency?
Question 31 mark
IB Diploma Programme Economics, SL and HL
Spec and skills
Paper scope: Paper 1, Paper 2, Paper 3 (HL)
Spec Guide 4.5
Topic spec Guide 4.5
Skill: exchange-rate-effects
Learning check
The pound appreciates against the euro. What happens, other things being equal?
Question 41 mark
IB Diploma Programme Economics, SL and HL
Spec and skills
Paper scope: Paper 1, Paper 2, Paper 3 (HL)
Spec Guide 4.5
Topic spec Guide 4.5
Skill: currency-calc
Learning check
The exchange rate is £1 = USD 1.25. A UK shirt costs £40. What does it cost a buyer in the United States, ignoring transport and taxes?
Question 51 mark
IB Diploma Programme Economics, SL and HL
Spec and skills
Paper scope: Paper 1, Paper 2, Paper 3 (HL)
Spec Guide 4.5
Topic spec Guide 4.5
Skill: currency-calc
Learning check
The exchange rate moves from €1 = 120 yen to €1 = 132 yen. By how much has the euro changed in value against the yen?
Question 61 mark
IB Diploma Programme Economics, SL and HL
Spec and skills
Paper scope: Paper 1, Paper 2, Paper 3 (HL)
Spec Guide 4.5
Topic spec Guide 4.5
Skill: exchange-rate-systems
Learning check
A central bank fixes its currency against the US dollar. Selling pressure is pushing the currency below the fixed rate. What can the central bank do to hold the rate?