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1. What is the two most important elements of Foreign Exchange Rate Determination. Please explain.

2. The South African rand (ZAR) has changed signficantly against the dollar: S(jan 16) = ZAR14.45 / USD, S(jan17) = ZAR13.45 / USD.

Calculate the percentage change of the ZAR.

A) +6.920%

B) -7.435%

C) -6.920%

D) +7.435%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92687901

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