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  • University Of South Africa (Unisa)
  • Financial Management (ECS2605)
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Exam (elaborations)

Ecs2605 Exam Pack 2026

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Financial Management (ECS2605)
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ECS2605 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2025 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

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ECS2605
EXAM PACK




FOR ASSISTANCE WITH THIS MODULE +27 67 171 1739

, CONFIDENTIAL
Page 2 of 19
ECS2605
05/06 2020
SECTION A – COMPULSORY ESSAY QUESTIONS

Answer ALL of the following questions in the space provided. Section A counts 20 marks in total.

(a) What is a credit rating? (2)




(b) Why does South Africa’s recent sovereign credit rating downgrade imply higher funding
costs for the government? (2)




(c) Explain the differences in objectives between the lender-of-last-resort function of the
SARB and its accommodation policy. (4)

, CONFIDENTIAL
Page 3 of 19
ECS2605
05/06 2020


(d) Describe exchange-rate risk and explain how a currency swap can be used to hedge
against exchange-rate risk. (3)




(e) Describe the role of the Basel Committee on Banking Supervision (BCBS). (2)




(f) Explain how the retirement benefit is calculated under both a defined benefit and a
defined contribution retirement fund. (2)

, CONFIDENTIAL
Page 4 of 19
ECS2605
05/06 2020


(g) Name three key objectives of regulators in the financial system. (3)




(h) Explain how the SARB uses its own debentures to manage the liquidity deficit in the
banking
system. (2)




[20]
Connected book
image
Unknown Understanding South African Financial Markets
Publisher: 2012 ISBN: 9780627029813 Edition: Unknown

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