The most accurate measure of the international value of the SA rand is
A)an exchange rate index that accounts for many exchange rates.
B)the yen/rand exchange rate.
C)the rand/dollar exchange rate.
D)the euro/rand exchange rate.
E)the Swiss franc/rand exchange rate.

Question

Quizplus · Accepted Answer

An exchange rate index that accounts for many exchange rates provides a comprehensive measure of the rand's value against a basket of currencies, reflecting its overall international value more accurately than a single currency exchange rate.

The Most Accurate Measure of the International Value of the SA