Monetary policy can be described as consisting of decisions that are formulated and implemented by the monetary authorities (i.e. by the Central Bank, or by the Treasury and the Central Bank) in their various fields of operation which are aimed at achieving certain...
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4. Aspects of National and Global Economy
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4.2 Comparative effectiveness of currency in relation to remuneration
The value of the SA currency has two sides to the story. When you work in South Africa, you will be paid in South African Rand. You will use this money to buy products and services to meet with your needs. Some of the products that you will buy are made in...
4.1 Exchange rates in relation to imports and exports
The exchange rate is the price of one currency in exchange for another – the amount of currency that can be bought or sold with another currency. Demand and supply for the currency in the open market determines this price. It can also be influenced by the intervention...