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Answer to Question #130727 in Macroeconomics for OBVIOUS

Question #130727
If the exchange rate changes from R9,60 = $1,00 to R8,50 = $1,00, then
[1] the rand has depreciated against the dollar.
[2] the rand has weakened against the dollar.
[3] the rand has appreciated against the dollar.
[4] none of the above.
1
Expert's answer
2020-08-31T15:28:28-0400

[3] the rand has appreciated against the dollar.

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