Question

If the exchange rate changes from R9,60 = $1,00 to R8,50 = $1,00, then a. the rand has appreciated against the dollar. b. the rand has weakened against the dollar. c. the rand has depreciated against the dollar. d. the demand for dollars has increased

Name: if the exchange rate changes from r960 100 to r850 100 then a the rand has appreciated against the dollar b the rand has weakened against the dollar c the rand has depreciated against the dollar d the
Uploaded: 2024-07-24T13:34:41-08:00
Duration: 1 min 20 s
Channel: Anand Jangid
Description: if the exchange rate changes from r960 100 to r850 100 then a the rand has appreciated against the dollar b the rand has weakened against the dollar c the rand has depreciated against the dollar d the

          If the exchange rate changes from R9,60 = $1,00 to R8,50 = $1,00, then



a.
the rand has appreciated against the dollar.


b.
the rand has weakened against the dollar.


c.
the rand has depreciated against the dollar.


d.
the demand for dollars has increased

Added by Gregg M.

Macroeconomics

Glenn Hubbard, Tony O'Brien 6th Edition

Chapter 18

Instant Answer

Solved by Expert Anand Jangid

07/24/2024

Step 1

60 = $1.00. This means that 1 US dollar is equivalent to 9.60 South African rand. Show more…

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If the exchange rate changes from R9,60 = $1,00 to R8,50 = $1,00, then a. the rand has appreciated against the dollar. b. the rand has weakened against the dollar. c. the rand has depreciated against the dollar. d. the demand for dollars has increased