Multiple Choice
If SA imposes a quota on the importing of clothing produced in China, so reducing SA imports of clothing, which of the following is true regarding the market for foreign currency exchange?
A) The demand for rands decreases and the rand depreciates.
B) The supply of rands increases and the rand depreciates.
C) The supply of rands decreases and the rand appreciates.
D) The demand for rands increases and the rand appreciates.
Correct Answer:
Verified
Correct Answer:
Verified
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