Business, 04.04.2020 08:37 gl648809

Assume that on Friday, one South African rand was worth $.0953 and on the following Monday the value was $.0962. Also assume one Kuwaiti dinar was worth $3.56 on Friday and $3.54 on the following Monday.
Given these rates, which one of the following statements must be correct?

a) The U. S. dollar depreciated from Friday to Monday against the Kuwaiti dinar.
b) On Thursday, one U. S. dollar was equal to .0944 South African rand.
c) On Friday, one U. S. dollar was worth 10.395 rands.
d) Both the South African rand and the Kuwaiti dinar appreciated against the U. S. dollar from Friday to Monday.
e) The South African rand appreciated from Friday to Monday against the U. S. dollar.

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Assume that on Friday, one South African rand was worth $.0953 and on the following Monday the value...

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