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4.1.8 Exchange rates

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Question 3

Which one of the following is most likely to happen to South Africa's currency value (the Rand) as a result of a sudden and large-scale portfolio investment outflow, assuming it operates under a floating exchange rate system?

Appreciation

Depreciation

Devaluation

Revaluation

4.1.8 Exchange rates Questions

  1. A Level
  2. /Economics
  3. /4.1.8 Exchange rates