Exam (elaborations)
ECS1500 ASSESSMENT 6 SEM 2 OF 2023 EXPECTED QUESTIONS AND ANSWERS
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tHIS DOCUMENT CONTAINS ECS1500 ASSESSMENT 6 OF 2024 EXPECTED QUESTIONS AND ANSWERS , CORRECT USE WILL HELP YOU SCORE ABOVE 75%
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By: magsonchemicals • 1 year ago
By: tofuasanda198 • 1 year ago
I'm not happy... A memo with only 1 version of questions meanwhile we getting different questions in almost every attempt
By: oscardiura • 1 year ago
HI APPOLOGIES FOR THAT, WE HAVE SINCE UPDATED THE DOCUMENT WITH MORE THAN 5 MORE.
By: confidennttshedza • 1 year ago
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Started on Wednesday, 20 September 2023, 4:33 PMState Finished
Completed on Wednesday, 20 September 2023, 5:10 PM
Time taken 37 mins 2 secs
Marks 34.00/40.00
Grade 85.00 out of 100.00
Feedback Excellent performance. You seem to understand Learning Units 8, 9 and 10 well.
Question 1 It is known that the velocity of money in Country ABC is 5,5. The average price level in the country is 8. In 2017, the real value of
Correct goods and services produced in Country ABC was R850 000,00. What was the size of the money supply in Country ABC (rounded to
the closest full rand) based on the equation of exchange?
M ark 2.00 out of
2.00
Select one:
a. R154 546,00
b. R1 236 364,00
c. It cannot be calculated with the available information.
d. R6 800 000,00
Incorrect. The equation of exchange can be used to calculate the size of the money supply in Country ABC:
The equation of exchange can be used to calculate the size of the money supply in Country ABC:
The correct answer is: R1 236 364,00
,Question 2 Which of the following statements regarding the financial system is not correct?
Correct
M ark 2.00 out of a. Financial intermediaries facilitate lending and borrowing activities between surplus and deficit units.
2.00
b. Unit trusts are classified as collective investment schemes.
c. Shares and bonds are examples of capital market instruments.
d. Shares can only be traded at a physical location or building, such as the Johannesburg Stock Exchange (JSE).
Your answer is correct.
Shares can be traded online on various platforms other than the Johannesburg Stock Exchange (JSE), using computers and
smartphones. Therefore, trading is not restricted to a physical location or building.
Financial intermediaries exist to assist in transferring funds from surplus units (those who have savings or excess cash to lend money) to
deficit units (those who wish to borrow money). Financial intermediaries intervene to make this process easier.
Unit trusts pool investors’ monies together into a single fund. These monies are then split across different financial instruments to reduce
exposure to risk of losing capital invested. This is why unit trusts are classified as a collective investment scheme.
Shares and bonds are capital market instruments, which are issued for a period of one year or longer. A share represents ownership in a
company that issues shares. This interest (part ownership) in a company is called equity. A bond represents debt because the issuer of
the bond (the party that needs funding) will pay a predetermined interest rate as a return on investment to the bondholder (the party that
provides the funding).
The correct answer is:
Shares can only be traded at a physical location or building, such as the Johannesburg Stock Exchange (JSE).
, Question 3 If the exchange rate of dollar is $0,50 = R 6,00 and a laptop is sold for $ 800,00 how much will the laptop cost in rand?
Correct
M ark 2.00 out of
Select one:
2.00 a. R 400,00
b. R 2 400,00
c. R48 000,00
d. R 9 600,00
Your answer is correct.
The correct answer is: R 9 600,00
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