South Africa Currency and Tourism Quiz

The currency used in South Africa is the:

• Dollar

• Rand

• Pound

• Euro

The exchange rate is defined as:

• The total money tourists spend

• The value of one currency in terms of another

• The interest charged on loans

• The income of travel agents

A weak rand makes South Africa:

• Expensive for international tourists

• Cheaper for international tourists

• Unchanged in tourist value

• Equal to the US dollar

A strong rand benefits:

• South Africans travelling overseas

• International tourists visiting South Africa

• Local game reserves

• Foreign exchange bureaus

The 9/11 attacks in 2001 caused:

• A strengthening of the rand

• A weakening of the rand

• No effect on exchange rates

• Increase in SA tourism

Which of these is a major currency?

• Yen

• Rand

• Namibian Dollar

• Metical

The South African rand is a:

• Major world currency

• Minor currency

• European currency

• Asian currency

Tourists can exchange foreign money at:

• Only hotels

• Only banks

• Banks, exchange bureaus, airports, and hotels

• Only ATMs

A South African exchanging rands for dollars uses the:

• Buying rate

• Selling rate

• Lending rate

• Inflation rate

The selling rate is applied when:

• The bank sells foreign currency to a client

• The client sells foreign currency to the bank

• The rand is stable

• Exchange rates don’t change