Exam and study ecs3701 - Study guides, Study notes & Summaries

Well-structured ECS3701 EXAM PREPARATION PACK - DISTINCTION GUARANTEED. Contains recent exam questions and answers, and Summarised study notes. All you need to pass the OCTOBER NOVEMBER 2024 EXAMS

Well-structured ECS3701 EXAM PREPARATION PACK - DISTINCTION GUARANTEED. Contains recent exam questions and answers, and Summarised study notes. All you need to pass the 2024 EXAMS

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 ...

ECS3701 MCQ EXAM PACK. ECS3701 - Monetary Economics 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...

ECS3701 MCQ EXAM PACK. 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 as a store of purchasing power from the time the income is ...

ECS3701 MCQ EXAM PACK. Monetary Economics. 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 as a store of purchasing power from th...

comments. ii OVERVIEW OF THE COURSE ............................................................................ ...................... iv Prerequisites for this course ............................................................................ ......................................iv The prescribed book .............................................................................. ................................................iv Purpose of the study guide ............................

Monetary economics notes

ecs3701_-_monetary_economics Notes. BEST FOR EXAM PREP. SUCCESS. Monetary Economic – ECS3701 CHAPTER 1 - WHY STUDY MONEY, BANKING AND FINANCIAL MARKETS. WHY STUDY FINANCIAL MARKETS Financial markets such as bond and stock markets are crucial to promoting greater economic efficiency by channeling funds from people who do not have a proper use to people who do. Well functioning financial markets are a key to producing high economic growth and have direct effects on personal wealth, beha...