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11/8/23, 2:02 PM Assessment 6: Attempt reviewUNISA 2023 ECS1601-23-S2 Online assessments Assessment 6
QUIZ
Started on Wednesday, 8 November 2023, 1:01 PM
State Finished
Completed on Wednesday, 8 November 2023, 2:01 PM
Time taken 59 mins 35 secs
Marks 25.00/25.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The opportunity cost of holding money is
a. The interest that is forgone had the money been used to purchase
bonds.
b. The rent that could have been earned had the money been used to
purchase bonds.
c. The pro t that could have been earned had the money been used to
purchase bonds.
d. The interest that is forgone had the money been used to purchase
consumer goods.
Interest can only be earned if money is used to purchase bonds, not consumer
goods. Consumer goods are used by households to satisfy their wants, and
include food and wine. Rent is earned on land and pro t on entrepreneurship.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=14470655&cmid=622830 1/19
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