Economics Multiple Choice Question – 26 April 2023

Which factor determines the purchasing power parity of a currency?

Select ONE answer:

1. relative costs of living
2. relative rates of interest
3. the volume of trade creation
4. the visible balance of payments

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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