If SA Imposes a Quota on the Importing of Clothing

question 30

Multiple Choice

If SA imposes a quota on the importing of clothing produced in China, so reducing SA imports of clothing, which of the following is true regarding the market for foreign currency exchange?

• A)The demand for rands decreases and the rand depreciates.
• B)The supply of rands increases and the rand depreciates.
• C)The supply of rands decreases and the rand appreciates.
• D)The demand for rands increases and the rand appreciates.

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