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ECS3701 ASSIGNMENT 2 (SEM 2) 2022
Other • 8 pages • 2022

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ECS3701 Assignment 1 semester 1 2024
Exam (elaborations) • 8 pages • 2023

ECS3701 Assignment 1 Semester 1 2024.Question 15 Correct Mark 1.00 out of 1.00 Question 16 Correct Mark 1.00 out of 1.00 Question 17 Correct Mark 1.00 out of 1.00 Question 18 Correct Mark 1.00 out of 1.00 Which of the functions of money distinguishes it from other assets? a. Medium of exchange b. Store of value c. Measure of value d. Unit of account The correct answer is: Medium of exchange When paper currency is decreed by governments to be legal tender, legally it must ...

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ECS3701 ASSIGNMENT 2 SEMESTER 2 - 2023 (768112)

ECS3701 ASSIGNMENT 2 SEMESTER 2 - 2023 (768112)
Other • 14 pages • 2023

ECS3701 ASSIGNMENT 2 SEMESTER 2 - 2023 UNIQUE NUMBER: 768112 CLOSING DATE: 22 SEPTEMBER 2023 2.01 Explain how financial intermediaries reduce transaction costs thereby allowing small savers and borrowers to benefit from the existence of financial markets. [10] 2.02 Differentiate between the main factors in the initiation of financial crises between the advanced and emerging market economies. [10] 2.03 In South Africa, the South African Reserve Bank (SARB) maintains liquidity req...