Answer to Question #93754 in Macroeconomics for Lexie

Question

When the rand appreciates against the dollar, it

a. appreciates against other currencies as well.
b. stimulates the exports and dampens the imports.
c. improves the balance of payments.

[1] None of the statements are correct.
[2] Only a and c
[3] Only b and c
[4] Only b
[5] Only c

Answer 1

[1] None of the statements are correct.