Q.1.1 During the 2018 December holidays, many Americans came to South Africa to visit the various tourist destinations, exchanging their dollars for Rands to purchase goods.

Q.1.1.1 Explain, with the aid of a graph, the impact this had on the demand and supply of dollars and the exchange rate. (Note: 4 marks for the graph and 4 marks for the explanation of the graph). (8)

Q.1.1.2 Identify which currency has appreciated and which currency has depreciated.

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