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ECS3703 Assignment 2 Semester 2 Memo | Due September 2025. All questions fully answered. QUESTION 1 [15 MARKS]
Assuming that South Africa trades with China, use a fully labelled diagram to explain what would happen to China’s foreign exchange market if the Chinese government decides to increase the tariffs imposed on South African exports to China.

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Description

ECS3703 Assignment 2 Semester 2 Memo | Due September 2025. All questions fully answered. QUESTION 1 [15 MARKS]
Assuming that South Africa trades with China, use a fully labelled diagram to explain what would happen to China’s foreign exchange market if the Chinese government decides to increase the tariffs imposed on South African exports to China.

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