Economics 2281 · O Level · Foreign exchange rates

Foreign exchange rates — practice question

During 2015, the South African currency (the rand) lost value against the US dollar. What impact did this have on the US economy?

  • AExports to South Africa became more expensive.
  • BThe current account deficit of the US decreased.
  • CThe US experienced higher levels of inflation.
  • DUnemployment in the US decreased.

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