Ecs3701 exam pack 2023 - Study guides, Study notes & Summaries

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ECS3701 EXAM PACK 2023
Exam (elaborations) • 200 pages • 2023

ECS3701 MAY/JUN 2013 MEMO SECTION A COMPULSORY QUESTION QUESTION 1 1.1 Differentiate between the following (i) Direct and indirect finance [4] -direct financing- borrowers borrow funds directly from lenders in the financial markets by selling them securities  -Indirect finance- financial intermediary stands between lender-savers and borrowerspenders and helps transfer funds from one to the other  (ii) Money market and capital market [4] The money market is a financia...

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ECS3701 EXAM PACK 2023
Exam (elaborations) • 157 pages • 2023

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ECS3701 EXAM PACK 2023
Exam (elaborations) • 156 pages • 2023

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Ecs3701 exam pack 2023 COMPLETE STUDY GUIDE 100% GRADED A+

Ecs3701 exam pack 2023 COMPLETE STUDY GUIDE 100% GRADED A+
Exam (elaborations) • 157 pages • 2023
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Definition and functions of money (15 Marks) Answer all questions in part 1. 1.1 List and explain the three primary functions of money. (2) Medium of Exchange: money serves as a medium of exchange allowing it to be used as payment for goods and services. As such it promotes economic efficiency by reducing the time taken for transactions to take place. Unit of Account: used to measure value of goods and services in an economy and helps to reduce transaction costs. Store of Value: serves ...