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Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)
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UNIVERSITY EXAMINATIONSMay/June 2022
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms TS Moletsane
External Examiner: Ms PA Mathebula
This paper consists of 7 pages.
CONFIDENTIAL
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(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy information
from any source. You need to answer the questions in your own words. Plagiarism and cheating will not
be tolerated and may result in disciplinary action if detected. Plagiarism and cheating will result in
zero mark awarded.
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STUDENT NUMBER
[TURN OVER]
, Page 2 of 7 ECS3701
CONFIDENTIAL 05/06 2022
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Good Luck!
, Page 3 of 7 ECS3701
CONFIDENTIAL 05/06 2022
ANSWER ALL FIVE QUESTIONS.
Question 1 [20 marks]
1.1 Mention and explain the two types of monetary policy mandates or goals. [6]
1.2 Which of the two types of mandates is better for a central bank? Explain. [2]
1.3 What are the six goals of any central bank? [12]
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