100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (833704) - DUE 29 April 2024 $2.89   Add to cart

Exam (elaborations)

ECS3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (833704) - DUE 29 April 2024

1 review
 100 views  9 purchases
  • Course
  • Institution
  • Book

ECS3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (833704) - DUE 29 April 2024;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9............ 2.1 Given the global increase in inflation resulting from the Russian invasion of Ukraine, name an...

[Show more]

Preview 1 out of 13  pages

  • April 26, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

1  review

review-writer-avatar

By: arehonemunyai • 5 months ago

avatar-seller
ECS3701
Assignment 2 Semester 1 2024
Detailed Solutions, References & Explanations

Unique number: 833704

Due Date: 29 April 2024
2.1.

To decrease inflation resulting from the global increase due to the Russian invasion of
Ukraine, the South African Reserve Bank (SARB) can utilize three conventional monetary
policy tools: open-market operations, accommodation policy, and reserve requirements.

Open-market operations involve the SARB actively maintaining a liquidity requirement by
compelling banks to borrow from the SARB at the repo rate. The SARB constantly drains
excess liquidity from the market by estimating the banks' overall liquidity requirement on a
daily, weekly, and monthly basis. It offers various securities on auction at varying interest
rates, with the aim of forcing a liquidity shortage. The SARB also sells longer-term reverse
repos and conducts outright sales of securities to drain liquidity from the market.
Additionally, it uses foreign exchange swap transactions to temporarily drain rand liquidity
from the market. Another instrument used in open-market operations is the tax and loan
accounts of the government, held with private banks, which serve to alleviate large
fluctuations in liquidity. Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.


Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller iStudy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.89. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


$2.89  9x  sold
  • (1)
  Add to cart