The exchange rate is the
A) value of money.
B) quantity of rands, dollars, yen, etc., that are traded on currency markets.
C) amount of foreign currency that is used to buy goods made in your country.
D) number of units of a foreign currency that can be bought with one unit of your own currency.
Correct Answer:
Verified
Q3: A country's trade balance is positive when
A)
Q11: A country that exports more than it
Q17: Which of the following statements is true
Q18: If SA has a positive capital inflow,
Q21: If the exchange rate changes from 3
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
Q27: If SA exports more than it imports,
A)SA's
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