1.0 Read the following extract and answer the question that follows.
South African Rand Carried Higher by Ebbing USD as Double-edged Sword Hangs Above
The Rand has lifted off two month lows to outperform many others early the new month, leading the Pound-to-
Rand exchange rate to explore the land below 20.00 this week in
South Africa’s Rand was higher against all of the most heavily traded developed and emerging market currencies on Tuesday with the exception of the Indonesian Rupiah, continuing a week-long period of outperformance.
The performance of the rand reported above is most likely as a result of success in which of the following
a) Price stability
b)
c) Balance of payments stability
d) Inflation targeting
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