If the exchange rate was 1.50 US dollars per rand, that would mean that South Africans would have to spend __________ to buy a $12 watch in New York City.
A) R8
B) R15
C) R1.5
D) R12
Correct Answer:
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Q3: A country's trade balance is positive when
A)
Q11: A country that exports more than it
Q21: If the exchange rate changes from 3
Q22: The exchange rate is the
A)value of money.
B)quantity
Q23: If SA has R25 billion in imports,
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
Q28: If other things remain the same, if
Q29: When more rands are needed to buy
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