Started on Monday, 8 May 2023, 4:17 PM
State Finished
Completed on Monday, 8 May 2023, 5:01 PM
Time taken 44 mins 23 secs
Marks 28.00/40.00
Grade 70.00 out of 100.00
Feedback Excellent performance. You seem to understand
Learning Units 8, 9 and 10 well.
Question 1
Correct
Mark 2.00 out of 2.00
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Question text
The Monetary Policy Committee decides to increase the repo rate. Which of the
following can be expected to increase due to this increase in the repo rate?
(1) the prime overdraft rate
(2) the interest rate on home loans
(3) the inflation rate
(4) long-term interest rates
Select one:
a.
3
b.
1234
c.
124
d.
12
Feedback
Incorrect. The correct answer is the prime overdraft rate, the interest rate on
home loans and the long-term interest rates.
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