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ECS2603 ASSESSMENT 5 EXPECTED QUESTIONS AND ANSWERS SEM 2 OF 2024 $5.61
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  3. University Of South Africa (Unisa)
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  5. South African Economic Indicators (ECS2603)

Exam (elaborations)

ECS2603 ASSESSMENT 5 EXPECTED QUESTIONS AND ANSWERS SEM 2 OF 2024

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  • Course
  • South African Economic Indicators (ECS2603)
  • Institution
  • University Of South Africa (Unisa)

THIS DOCUMENT CONTAINS ECS2603 ASSESSMENT 5 EXPECTED QUESTIONS AND ANSWERS SEM 2 OF 2024. USE IT CORRECTLY AS A GUIDE TO BOOST YOUR MARK

Last document update: 1 year ago

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Document information

  • September 17, 2023
  • September 26, 2023
  • 71
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ecs2603 assessment 5

Written for

  • University of South Africa (Unisa)
  • South African Economic Indicators (ECS2603)
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receive R52991 in two years time and you can earn an interest rate of 8% per annum compounded annually how
much in rands (no cents) should you invest today?


Answer: 45431




Question 17

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Since a treasury bill is a short term government security the treasury bill rate is part of the bond market.

True

False

Clear my choice




Question 18

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The coupon interest rate is interest rate the issuer promises to pay the bondholder.

True

False

Clear my choice

,Question 19

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The treasury bill rate is the interest rate indicate on the treasury bill.

True
False

Clear my choice




Question 20

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If a 12 month bill with a face value of R99 000 is sold for R94 000 the discount is R 5000 and the discount

rate is 5.1 % (one decimal). The yield or interest earned by the holder of the bill is 5.3 % (one

decimal).

, S2 Welcome Message Assessment 5

QUIZ




Question 11

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You can be wealthy without having a lot of money.


True
False

Clear my choice




Question 12

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Since income is paid in a monetary unit money and income is the same thing.


True
False

Clear my choice




Question 13

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Based on the following information calculate the total interest paid in rands (no cents) at the end of the period:
Present value: R7214
Simple interest rate: 10%
Period: 5 years


Answer: 3607

, Question 14

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Based on the following information calculate the total interest paid in rands (no cents) at the end of the period:
Present value: R40 000
Compound interest paid annually: 5%
Period: 2 years


Answer: 4100.00




Question 15

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Based on the following information calculate the total interest paid in rands (no cents) at the end of the period:
Present value: R46 000
Compound interest paid annually: 3%
Period: 2 years


Answer: 2801

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