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    Exam 11: Open-Economy Macroeconomics: Basic Concepts
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    When More Rands Are Needed to Buy a Unit of Japanese
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When More Rands Are Needed to Buy a Unit of Japanese

Question 11

Question 11

Multiple Choice

When more rands are needed to buy a unit of Japanese yen, the rand


A) has deflated.
B) has inflated.
C) has appreciated.
D) has depreciated.

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