Answer to Question #91620 in Macroeconomics for Unknown287159

Question

1. Draw a demand and supply curve for british pounds (on the vertical axis plot rand per british pound). [10 marks).What factors are likely to cause an increase in the demand for british pounds (in exchange for south african rands)?[5].How can this be illustrated in the diagram you have drawn?[3] Does this represent an appreciation or depreciation of the south african rand relative to the british pound?[2].include reference.

Answer 1

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