plumiExchange rate systems: AQA A‑Level Economics questions
Every AQA A-Level Economics exam question on 4.2.6.4 Exchange rate systems, 2020–2025, with its mark scheme and examiner’s report.
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![June 2025 Paper 2, question 02: Explain how the data in Extract A (Figure 2) show that Singapore may have benefitted from managing its exchange rate compared to Germany and Norway. [4 marks] C](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-jun25-c1-02-qp.webp)
![June 2022 Paper 2, question 10: Assess the view that floating exchange rates are always better than fixed exchange rates. [25 marks] Essay 1 The UK has been running a deficit on its balance of](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-jun22-e1-10-qp.webp)
![November 2021 Paper 2, question 09: Explain how a government or central bank can intervene to prevent the value of its currency rising. [15 marks] Essay 1 Since 1992, the UK has had a floating exc](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-nov21-e1-09-qp.webp)
![November 2020 Paper 2, question 13: Explain how an appreciation of its currency is likely to affect a country’s rate of economic growth. [15 marks] Essay 3 In 2015, Lithuania joined the eurozone,](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-nov20-e3-13-qp.webp)
![November 2020 Paper 2, question 14: Evaluate the costs and benefits for a country of joining a currency union, such as the eurozone. [25 marks] Essay 3 In 2015, Lithuania joined the eurozone, adop](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-nov20-e3-14-qp.webp)
All 13 questions on Exchange rate systems, as a list
- June 2025, Paper 2, Q01 (2 marks): Using the data in Extract A (Figure 1), calculate how the value of the Norwegian krone has changed compared to the Singapore dollar between 26 October 2021 and
- June 2025, Paper 2, Q02 (4 marks): Explain how the data in Extract A (Figure 2) show that Singapore may have benefitted from managing its exchange rate compared to Germany and Norway. [4 marks] C
- June 2025, Paper 2, Q03 (9 marks): Extract B (lines 6–7) states: ‘Some analysts hope that, before long, the currency will start to appreciate which could help Norway reduce inflation.’ With the h
- June 2025, Paper 2, Q04 (25 marks): Extract C (lines 1–2) states: ‘An economy that has seen considerable success by intervening in the foreign exchange market to manage its currency is Singapore.’
- June 2024, Paper 2, Q03 (9 marks): Extract C (lines 4–5) states ‘Energy and food bills had risen dramatically due to shocks to the economy, such as labour shortages, a depreciation of the pound…’
- June 2024, Paper 3, Q26 (1 mark): Which one of the following helps to explain why, in a freely floating exchange rate system, market forces are likely to automatically reduce a deficit or surplu
- June 2023, Paper 3, Q23 (1 mark): Table 4 shows the value of the pound sterling in euros and Canadian dollars at the beginning of 2021 and 2022. Table 4 2021 2022 Value of £1 in euros 1.11 1.19
- June 2022, Paper 2, Q10 (25 marks): Assess the view that floating exchange rates are always better than fixed exchange rates. [25 marks] Essay 1 The UK has been running a deficit on its balance of
- November 2021, Paper 2, Q09 (15 marks): Explain how a government or central bank can intervene to prevent the value of its currency rising. [15 marks] Essay 1 Since 1992, the UK has had a floating exc
- November 2021, Paper 2, Q10 (25 marks): Evaluate the possible impact on the cost of living and the standard of living in the UK of a sustained rise in the value of the pound sterling against other cur
- November 2020, Paper 2, Q13 (15 marks): Explain how an appreciation of its currency is likely to affect a country’s rate of economic growth. [15 marks] Essay 3 In 2015, Lithuania joined the eurozone,
- November 2020, Paper 2, Q14 (25 marks): Evaluate the costs and benefits for a country of joining a currency union, such as the eurozone. [25 marks] Essay 3 In 2015, Lithuania joined the eurozone, adop
- November 2020, Paper 3, Q29 (1 mark): Figure 8 shows two supply (S1 and S2) curves and the demand (D) curve for euros on the foreign exchange market and the price of euros in terms of pounds sterlin
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