Exam (elaborations)
ECS1601-Assignment 6-S2 2023 Q& Expected Solutions
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Expected score for any student from this doc is 80% And above guaranteed-ECS1601 Assignment 6 S2-2023
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UNISA 2023 ECS1601-23-S2 Online assessments Assessment 6QUIZ
Started on Tuesday, 7 November 2023, 7:59 PM
State Finished
Completed on Tuesday, 7 November 2023, 8:45 PM
Time taken 45 mins 51 secs
Marks 21.00/25.00
Grade 84.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
In the South African foreign exchange market…
a. an appreciation of the rand relative to the US dollar will result in an increase in the amount of South African exports
to the US
b. an appreciation of the rand relative to the US dollar will result in an increase in the amount of South African imports
from the US
c. a depreciation of the rand relative to the US dollar will result in a decrease in South African exports to the US
d. a depreciation of the rand relative to the US dollar will result in an increase in South African imports from the US
If the rand appreciates relative to the dollar, it implies that the rand has gained in value or is now more expensive. This means
that if you have rand and buy dollars, you will now receive more dollars for each rand than previously. Therefore, South
Africans will now find it cheaper to import from the US. However, if you have dollars and buy rand, you will now receive less
rand than previously. Therefore, Americans will now find it more expensive to buy South African products and thus South
African exports to the US (or American imports from South Africa) will decrease .A depreciation of the rand against the dollar
means that the rand has lost value or is now less expensive. This means that if you have rand and buy dollars, you will now
receive less dollars for each rand than previously. Therefore, South Africans will find it more expensive to import from the US
and imports from the US to South Africa will most likely decrease. If you have dollars and buy rand, you will now receive more
rand for each dollar than previously. Therefore, Americans will now find it less expensive to buy South African products, and
thus South African exports to the US will increase (or American imports from South Africa will increase.
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