DP Economics
Question 19M.3.HL.TZ0.h
| Date | May 2019 | Marks available | [Maximum mark: 1] | Reference code | 19M.3.HL.TZ0.h |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | h | Adapted from | N/A |
h.
[Maximum mark: 1]
19M.3.HL.TZ0.h
Tanya is a currency speculator. She buys and sells currencies with the intention of making gains as a result of changes in the exchange values of currencies. Currently, she is holding US$300 000, but she expects that in the next few months the euro (EU€) (the currency of the eurozone) will appreciate against the US dollar (US$).
At present, EU€1 = US$1.20.
Tanya exchanges her US$ for EU€.
Calculate the quantity of EU€ she will receive for her US$300 000.
[1]
Markscheme
= 250 000
An answer of 250 000 without any working is sufficient for [1].
Examiners report
Well-answered.
