Multiple Choice
Which of the following statements regarding the market for foreign currency exchange is true?
A) An increase in SA net capital outflow increases the supply of rands and the rand depreciates.
B) An increase in SA net capital outflow increases the demand for rands and the rand appreciates.
C) An increase in SA net capital outflow increases the demand for rands and the rand depreciates.
D) An increase in SA net capital outflow increases the supply of rands and the rand appreciates.
Correct Answer:
Verified
Correct Answer:
Verified
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