O-LevelCommerceGlobal trade7100/12 · May/June 2018 · Q181 Mark

Mr Coetze is a South African coffee importer. He must exchange South African rand for US dollars to pay for the coffee. The South African rand has gone up in value compared to the US dollar. How will this affect his business?

AHe will not know what to pay for the coffee.

BHe will pay for the coffee in rand.

CHe will pay less for the coffee.

DHe will pay more for the coffee.

✓ Correct answer

C: He will pay less for the coffee.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2018 Paper 1 Variant 2, question 18.

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