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ECS1601 ASSIGNMENT 05 SEMESTER 2, 2022
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Dashboard / Courses / UNISA / 2022 / Semester 1 / ECS1601-22-S1 / Online assessment / Assessment 5Started on Friday, 6 May 2022, 8:35 PM
State Finished
Completed on Friday, 6 May 2022, 8:57 PM
Time taken 25 mins 53 secs
Marks 17.00/18.00
Grade 94.44 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
According to the classical cash reserve system, which of the following statements is/are true regarding banks in South Africa?
(a) They are required to hold a minimum cash reserve of 2,5% of their deposits.
(b) The level of the repo rate influences the interest rate at which the banks provide credit to individuals.
(c) The SARB provides cash reserves through accommodation policy to the banks experiencing liquidity shortage.
a. ( b)
b. (a )
c. (a) and (b )
d. (c)
e. (a), (b) and (c )
Refer to section 9.2 of the prescribed textbook.
Question 2
Correct
Mark 1.00 out of 1.00
Which of the following factors will cause a movement along the AD curve?
a. The government decides to fund small businesses in Limpopo.
b. The minister of finance together with the panel decide to reduce taxes.
c. The central bank decides to increase the repo rate.
d. The increase in fuel price, that results in an increase in the general price level.
Refer to section 9.1 of the prescribed textbook.
[Type here]
,MENU
Suppose that the central bank reduces the repo rate. What will happen in the AD-AS model?
Dashboard / Courses / UNISA / 2022 / Semester 1 / ECS1601-22-S1 / Online assessment / Assessment 5
(a) Investment decreases
(b) Aggregate demand increases
(c) Consumption increases
(d) Income decreases
(e) Prices increase
a. Only b, c and e are correct.
b. Only a, d and e are correct.
c. All a, b, c, d and e are correct.
d. Only a, b, c and d are correct.
e. Only a and d are correct.
Refer to section 9.2 of the prescribed textbook.
[Type here]
,Question3
Correct
Mark 1.00 out of 1.00
MENU
The question is based on the following diagrams, which show the aggregate demand and supply curves.
Dashboard / Courses / UNISA / 2022 / Semester 1 / ECS1601-22-S1 / Online assessment / Assessment 5
The effect of the decision by the South African Reserve Bank (SARB) to decrease the repo rate is shown by …
a. figures 1 and 2
b. figure 1
c. figures 2 and 4
d. figure 3
Refer to sections 9.1 and 9.2 of the prescribed textbook.
, Question4
Correct
Mark 1.00 out of 1.00
MENU
The question is based on the following diagrams, which show the aggregate demand and supply curves.
Dashboard / Courses / UNISA / 2022 / Semester 1 / ECS1601-22-S1 / Online assessment / Assessment 5
Which of the following best demonstrate a movement that would result from the social relief grants offered to households that were
negatively affected by the COVID-19 induced lockdown?
a. b to c on figure 3
b. b to c on figure 2
c. a to c on figure 4
d. b to c on figure 1
Refer to section 9.1 of the prescribed textbook.
[Type here]
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