Multiple Choice Question

Question

South Africa's role in the international gold market is relatively stable due to which of the following?
A.
effective government regulation of gold mining

B.
stable markets and revenue-generating tariffs

C.
possession of two-fifths of the world's gold supply

D.
the strength of the South African rand against the US dollar

Answer 1

The correct answer is: C. possession of two-fifths of the world's gold supply.

South Africa has historically been one of the world's largest producers of gold, significantly influencing the international gold market.