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Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)
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Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)EXAM PACK MAYJUNE 2022
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UNIVERSITY EXAMINATIONSMay/June 2022
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms TS Moletsane
External Examiner: Ms PA Mathebula
This paper consists of 7 pages.
CONFIDENTIAL
Instructions:
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(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy information
from any source. You need to answer the questions in your own words. Plagiarism and cheating will not
be tolerated and may result in disciplinary action if detected. Plagiarism and cheating will result in
zero mark awarded.
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STUDENT NUMBER
[TURN OVER]
, Page 2 of 7 ECS3701
CONFIDENTIAL 05/06 2022
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below the
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start the invigilation.
• Once the QR code is scanned, ensure your media volume Is turned up and place your smartphone next to you.
The Invigilator App will notify you with a notification beep when you are required to action a request, which you
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• We recommend that you keep your smartphone on charge for the duration of the assessment.
• If you only have one device, you may access your assessment in the application by pressing the ‘Access Exam’
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• You can click the "Finish Assessment" button in the app if you finish your assessment early.
• If you are performing a written or Scan-and-Upload assessment:
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• After completing invigilation and following all app instructions, you must upload your Invigilation App data. If,
however there is a delay in the upload of the app data at the end of the assessment, you should prioritise the
upload of your script to your university portal and you can temporarily minimise the app to do so. Uploading of app
data is not time sensitive and you can come back and do it after you have successfully uploaded your script to the
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• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on 073 505 8273.
Good Luck!
, Page 3 of 7 ECS3701
CONFIDENTIAL 05/06 2022
ANSWER ALL FIVE QUESTIONS.
Question 1 [20 marks]
1.1 Mention and explain the two types of monetary policy mandates or goals. [6]
1.2 Which of the two types of mandates is better for a central bank? Explain. [2]
1.3 What are the six goals of any central bank? [12]
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