CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 90 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 90
Topic #: 1

'The has risen against other currencies since August, defying forecasters who thought that the UK's widening trade deficit must cause the 's exchange rate to fall.'

From the above information, it can be concluded that, since August

AUK exports have become less price competitive

BThe UK inflation rate has increased

CUK interest rates must have increased

DThe strengthening pound has improved the UK balance of payments on current account

Show Suggested Answer

Suggested Answer: C

by Sean at Jun 21, 2024, 07:22 AM

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Aileen

9 days ago

Hmm, that's an interesting perspective. I can see how that could be the case.

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Billye

10 days ago

I disagree, I believe the answer is D) The strengthening pound has improved the UK balance of payments on current account.

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Aileen

13 days ago

I think the answer is A) UK exports have become less price competitive.

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