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MANCOSA economics 1B kcq 2 answers
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Economics 1B KCQ 2 (Examples)20 Questions and answers
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1. If government spending is higher than current government revenue , this is known as …..
The budget deficit
Money financing
A deficit on the current of the balance of payments
The public debt
2. The supply of money is the amount that the various participants in the economy plan to
hold in the form of money balances
True
False
3. The primary objective of the South African Reserve Bank is to achieve economic growth
in the republic
True
False
4. “The South African Reserve Bank (SARB) lifted the repo rate by 25 basis points on
Thursday to 7.25%. Three MPC members preferred the announced increase, while two
voted for 50bps increase”
The measure of money that will be most impacted by the above decision is that of ……
M1
M2
M1 and M2
, M3
5. The transactions demand for money which arises from the medium of exchange function of
money.
True
False
6. Which of the following is a form of market participation?
Finance Minister Enoch Godongwana announced during his budget speech that South
Africans can receive up to R15 000 in tax rebates for solar panels starting from 1 March
The South African Reserve Bank lifted the repo rate by 25 basis points on Thursday to 7.25%.
Three preferred the announced increase, while two voted for 50bps increase
“Large private Norwegian firms must have boards that comprise at least 40% of women or
they will shut down , the government proposed in a bill on Monday, in a further push to
break the glass ceiling preventing women from reaching top positions”
“Since taking office , the Biden- Harris administration has introduced and started to
implement a suite of new policies and strategies to advance global equality and ensure the
enabling conditions for women to exercise voice and agency in their homes , workplaces
,communities and public life”
7. “The South African Reserve Bank lifted the repo rate by 25 basis points on Thursday to 7.25%.
Three preferred the announced increase, while two voted for 50bps increase” When the Reserve
Bank changes the repo rate , it is fulfilling which area of responsibility?
Maintain financial stability
Provision of statistical services
Service to the government
Provision of economic services
8.When inflation is high , money will lose its ability to function as a unit of account .
True
False
9. Which of the following would be classified as an expansionary fiscal policy.
An increase in government expenditure
A reduction in the number of goods exempted from VAT
An increase in the money supply
An increase in government taxation
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