Ecs 1601 assignment 1 - Study guides, Class notes & Summaries

ECS 1601 Assignment 1 Last document update:   ago

Ecs 1601 Assignment 1 The quantity of money in an economy is … [1] Determined by the interaction between the cost of credit and the demand for money. [2] Fixed by the South African Reserve Bank. [3] Dependent on the money supplied. [4] Decided jointly by the Reserve Bank and the government, as it has important implications for inflation targeting. The SARB is the custodian in determining the money in circulation in the economy, this function is independent of government. ----------------...