Macroeconomics (BAFB1033) CONFIDENTIAL May 2022 Final Examination Question 4 Mr. Rash is traveling overseas. He buys some food and drinks on Air Asia Flight. Table 2 Price List Burger RM6 Coffee RM9 Mineral water RM3 Nasi Lemak RM12 Donut RM5 Chocolate RM 3.30 Exchange rate 1USD = RM 4.46 Based on Table 2, Mr. Rash buys 2 donuts, 1 nasi lemak, and 1 coffee. a) He pays half of the cost with RM and the rest with USD. How much does Mr. Rash pay in USD? (show your workings) (4 Marks) b) New rate 1 USD = RM4.10, calculate the new price of all items in USD. (6 Marks) c) Explain the effect on export and import, if RM depreciates. (5 Marks) d) Explain the effect on export and import, if RM appreciates. (5 Marks) e) Explain FOUR (4) functions of money in an economy. (10 Marks) (Total: 30 Marks)