DP Economics
Question 23M.3.HL.TZ0.2av
| Date | May 2023 | Marks available | [Maximum mark: 2] | Reference code | 23M.3.HL.TZ0.2av |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Define | Question number | v | Adapted from | N/A |
v.
[Maximum mark: 2]
23M.3.HL.TZ0.2av
(v)
Define the term overvalued currency.
[2]
Markscheme
Examiners report
Stronger responses were able to explain clearly that an overvalued currency is one which is maintained (via a fixed/managed system) above its value in a freely floating system. Many responses, however, were not so precise, stating that the currency was "stronger than it should be" or "has a value which is too high".
