IGCSE Development Studies: Specimen Questions with Answers 53 - 54 of 98
Passage
Question 53 (3 of 7 Based on Passage)
Explanation
Imports of US from China | Exports of US to China |
Telephone for cellular networks or for other wireless networks | Aero planes and other aircrafts |
Automatic data processing machine | Soya beans |
Tricycle, scooters and similar wheeled toys and other toys | Vehicles with only spark ignition, internal combustion reciprocating piston engine |
Communication apparatus | Electronics, integrated circuits, processors, and controllers |
Question 54 (4 of 7 Based on Passage)
Explanation
Two Types of Foreign Exchange Rate System Are
- Fixed exchange rate: Fixed exchange rate is the standard exchange rate set by the monetary authorities for one or more currencies. It provides stability that helps to control inflation and keeps the unit labor cost low. There are chances of less speculation if fixed exchange rate is prevailing in the market.
Floating Exchange rate: Under the floating exchange rate, factors of supply and demand decide the value of currency. It gives freedom to set policy interest rates to meet the domestic objectives. It may also help to prevent imported inflation.
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