14:54 Back Question 10 Not yet answered Marked out of 1.00 Flag question Depreciation of South African rand against the United States (US) dollar implies that ... a. the rand has gained value against the dollar. b. the dollar has lost value against the rand. c. you need fewer relatively rands to buy one dollar. d. South Africa's exports to the US will be relatively cheaper. Question 11 Not yet answered Marked out of 1.00 Flag question AA mymodules.dtls.unisa.ac.za SM
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Step 1: Depreciation of a currency means that the currency is losing value. Show more…
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Taha T.
In the South African foreign exchange market… a. an appreciation of the rand relative to the US dollar will result in an increase in the amount of South African exports to the US b. an appreciation of the rand relative to the US dollar will result in an increase in the amount of South African imports from the US c. a depreciation of the rand relative to the US dollar will result in a decrease in South African exports to the US d. a depreciation of the rand relative to the US dollar will result in an increase in South African imports from the US
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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
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