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Pearson Edexcel International · IGCSE · Economics

Exchange Rates
Practice Questions

40 Pearson Edexcel International IGCSE Economics questions on Exchange Rates, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Exchange Rates.

Try 2 sample questions on Exchange Rates

Question 1 · 1 mark · Difficulty 1/3

If £1 = €1.15, how many euros is £100 worth?

  1. €86.96
  2. €115
  3. €101.15
  4. €15
Show answer & explanation
✓ Answer: B — €115
Award 1 mark. Multiply pounds by the rate: £100 × 1.15 = €115. €86.96 divides by the rate instead, €101.15 adds the rate to £100, and €15 is only the difference between the two currencies on £100.
Question 2 · 1 mark · Difficulty 1/3

Who trades currencies on the foreign exchange market?

  1. Only central banks
  2. Only national governments
  3. Only exporting firms
  4. Banks, firms, tourists and investors
Show answer & explanation
✓ Answer: D — Banks, firms, tourists and investors
Award 1 mark. Currencies are bought and sold by commercial banks, firms paying for imports or receiving export earnings, tourists, investors and speculators, as well as central banks. No single group trades alone.
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20 questions · 25 min · free

Pearson Edexcel International IGCSE Economics: Exchange Rates FAQ

Is Kramizo free for Pearson Edexcel International IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Exchange Rates practice with other Economics topics or even switch to a totally different Pearson Edexcel International subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Exchange Rates questions aligned to the official Pearson Edexcel International IGCSE Economics syllabus?
Every question is written against the published Pearson Edexcel International IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real Pearson Edexcel International paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from Pearson Edexcel International.
How is Exchange Rates typically tested on Pearson Edexcel International IGCSE Economics papers?
Exchange Rates appears across multiple question types on real Pearson Edexcel International IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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