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Question 23M.3.HL.TZ0.v

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Date May 2023 Marks available [Maximum mark: 2] Reference code 23M.3.HL.TZ0.v
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.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".

Syllabus sections