Ecs3701 exam pack - Study guides, Class notes & Summaries

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ECS3701 Exam Pack Updated
Exam (elaborations) • 52 pages • 2023

ECS301 [New ECS3701] SELECTED EXAMINATION QUESTIONS AND SUGGESTED SOLUTIONS MAY/JUNE 2011 Part 1: Definition and functions of money (15 Marks) Answer all questions in part 1. 1.1 List and explain the three primary functions of money. (2) Medium of Exchange: money serves as a medium of exchange allowing it to be used as payment for goods and services. As such it promotes economic efficiency by reducing the time taken for transactions to take place. Unit of Account: used to measure valu...

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Summary ECS3701 EXAM PACK 2023
Exam (elaborations) • 256 pages • 2023

Summary ECS3701 EXAM PACK 2023

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ECS3701 EXAM PACK 2023
Exam (elaborations) • 156 pages • 2023

latest questions and elaborate answers

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ECS3701 EXAM PACK 2023
Exam (elaborations) • 200 pages • 2023

ECS3701 MAY/JUN 2013 MEMO SECTION A COMPULSORY QUESTION QUESTION 1 1.1 Differentiate between the following (i) Direct and indirect finance [4] -direct financing- borrowers borrow funds directly from lenders in the financial markets by selling them securities  -Indirect finance- financial intermediary stands between lender-savers and borrowerspenders and helps transfer funds from one to the other  (ii) Money market and capital market [4] The money market is a financia...

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ECS3701 EXAM PACK 2023
Exam (elaborations) • 71 pages • 2023

ECS3701 Oct/Nov 2017 1. Explain the following terms i. Inflation targeting Monetary policy strategy that involves public announcement of a medium-term numerical target for inflation. ii. Interest rate risk The riskiness of earnings and returns that is associated with changes in interest rates iii. Monetary Policy Monetary policy can be defined as the measures taken by the monetary authorities to influence the quantity of money or the rate of interest with a view to achieving st...