If the exchange rate changes from 3 Brazilian reals per rand to 4 reals per rand,
A) None of these answers.
B) the rand has appreciated.
C) the rand has depreciated.
D) the rand could have appreciated or depreciated depending what happened to relative prices in Brazil and SA.
Correct Answer:
Verified
Q3: A country's trade balance is positive when
A)
Q11: A country that exports more than it
Q16: Which of the following would be recorded
Q17: Which of the following statements is true
Q18: If SA has a positive capital inflow,
Q22: The exchange rate is the
A)value of money.
B)quantity
Q23: If SA has R25 billion in imports,
Q24: If the exchange rate was 1.50 US
Q25: Which of the following, if undertaken by
Q26: Suppose the nominal exchange rate between the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents