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Suppose, Due to Political Instability, Russians Suddenly Choose to Purchase

Question 1

Multiple Choice

Suppose, due to political instability, Russians suddenly choose to purchase SA assets as opposed to Russian assets.Which of the following statements is true regarding the value of the rand and SA net exports? The pound:


A) appreciates, and SA net exports rise.
B) appreciates, and SA net exports fall.
C) depreciates, and SA net exports rise.
D) depreciates, and SA net exports fall.

Correct Answer:

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