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Question - 10 marks Discuss the effects on the South African economy if the rand/dollar exchange rate changes from R6.48 to the dollar to R

Question - 10 marks

Discuss the effects on the South African economy if the rand/dollar exchange rate changes from R6.48 to the dollar to R 5.22 to the dollar. Discuss the advantages and the disadvantages of a stronger rand in terms of imports and exports, particularly oil and petrol. Write down the main points below.

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