I 3.3 Consider the NS/US$ exchange rate. Assume that the exchange rate is currently quoted as N$15 to the US dollar. A. How many US cents would be required to buy N$1.00 (2 marks) B. How much would I have to pay in N$ terms if I bought a pen at Pep stores for $30? (2 marks) C. If the exchange rate were to change to NS7.80 to the dollar, which currency has appreciated and which has depreciated? (2 marks) D. How much would the pen (still costing $30) cost me now in NS terms? (2 marks) E. Based on the value-added method of GDP, a Namibian farmer sells cotton to a wool manufacturer. Excluding all other costs, if the farmer sells the cotton for a net price of $10, how much would he receive in NS terms? (2 marks) ENGLISH SOUTH AFRICA) 4