Suppose that major discoveries of the highest-quality diamonds ever found occur in Russia and Central Asia, causing a significant decline in purchases of South African diamonds. Moreover, assume a floating exchange rate.

  

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Using the line drawing tool, show how the market for the rand is impacted by this event. Properly label this line. Carefully follow the instructions above, and only draw the required objects. Using the line drawing tool, show how the market for the rand is impacted by this event. Properly label this line. Carefully follow the instructions above, and only draw the required objects.

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