Answer to Question #319385 in Macroeconomics for KGAO

Question

Depreciation of South African rand against the United States (US) dollar implies that ...

a. South Africa’s exports to the US will be relatively cheaper.

b. you need fewer relatively rands to buy one dollar.

c. the dollar has lost value against the rand.

d. the rand has gained value against the dollar.

Answer 1

a.) South Africa’s exports to the US will be relatively cheaper.