Answer on Macroeconomics Question for Cecil John van Wyk
a)The oil price increase and South Africa is a major importer of oil
b)Citibank,a large US bank buys Standard Bank
c)South Africa becomes the destination of choice for US tourists
d)the South Africa Reserve Bank increases the Repo rate
e)the US Federal Reserve (the central bank ) increases the interest rate
f)Speculators believe that the rand is overvalued and take positions in which they expect to profit from a depreciation of the rand.
1.2 what was the impact of the depreciation and the subsequent appreciation on (i) South Africa importers,and (ii) South Africa exporters?
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