Answer to Question #102956 in Macroeconomics for Michael

Question

In what account in of a country's balance of payments will the export of diamonds be recorded?

1. The current account
2. The financial account
3. Unrecorded transaction
4. A change in gold and foreign reserves

B. The rand price of the US dollars (USD) increase to R12,02 in March 2015 from R11,53 in February 2015. This means that the South African rand.........against the dollar and the dollar.............against the rand.

1. Appreciated, appreciated
2. Appreciated, depreciated
3. Depreciated, appreciated
4. Depreciated, depreciated

Answer 1

In what account in of a country's balance of payments will the export of diamonds be recorded?

1. The current account

B. The rand price of the US dollars (USD) increase to R12,02 in March 2015 from R11,53 in February 2015. This means that the South African rand.........against the dollar and the dollar.............against the rand.

3. Depreciated, appreciated