Which of the following people or firms would be pleased by a depreciation of the rand against the US dollar?
A)All the people and firms mentioned in these answers.
B)A French exporter of wine to the SA.
C)An American tourist visiting Cape Town.
D)A SA importer of French wine.
E)A SA company that wishes to expand abroad by building a factory in Lesotho.

Question

Quizplus · Accepted Answer

A depreciation of the rand makes it cheaper for an American tourist to visit South Africa, as their dollars will convert to more rand, increasing their purchasing power.

Which of the Following People or Firms Would Be Pleased