ECS3703
MAY/JUNE EXAM 2024
DUE DATE: 2024
, lOMoARcPSD|21997160
UNIVERSITY EXAMINATIONS
May/June 2024
ECS3703
INTERNATIONAL FINANCE
100 Marks
Duration: 3 Hours
First Examiner: Dr MJ Khumalo
Second Examiner: Dr KO Amusa
External Examiner: Dr L Barnard
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 19 pages, including this cover page.
CONFIDENTIAL
Instructions:
1) Note that this is a closed book examination.
2) Submit your answers as a single document in PDF format. After completion of the exam paper,
submit your answers in one single PDF document using the eAssessment tool on myExams
portal. (https://cems.myexams.unisa.ac.za).
3) It is preferable for you to type your answers (Font: Arial 12) and then convert your document to
PDF format for submission. However, if this is not possible, you may also write your answers
down and scan them into a PDF file format. Please write legibly.
4) Start with a cover page stating the module code (ECS3703) and your student number. This
should be followed by your answers to the questions.
5) Note that all FIVE questions are compulsory. There are no elective questions.
6) Make sure that each question or sub-question is clearly numbered.
7) Academic dishonesty of any sort will not be tolerated.
8) Ensure that you type “I agree” for the declaration of honesty before you submit your answer
script.
9) Please ensure that your PDF document is NOT encrypted to a “secured” mode and that it is
NOT password protected as such files cannot be marked. Virus infected files will also not be
marked.
10) No emailed answer files will be accepted.
Downloaded by Thomas Mboya ()
, lOMoARcPSD|21997160
Page 2 of 19 ECS3703
CONFIDENTIAL May/June 2024
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
¥ Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR code.
¥ If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below the QR
code to start the invigilation.
¥ Unless otherwise specified by your institution, note that you can only scan this QR code once. If your assessment has
multiple online sections, tests or attempts, you should NOT finish the invigilation until your entire assessment has
been completed.
¥ Only scan the QR code when the assessment formally commences.
¥ The QR code is only scannable for a limited time and it should therefore be scanned as soon as possible to
start the invigilation.
¥ Once the QR code is scanned, ensure your media volume is turned up and place your smartphone next to you. The
Invigilator App will notify you with a notification beep when you are required to action a request, which you should
then perform.
¥ We recommend that you keep your smartphone on charge for the duration of the assessment.
¥ If you only have one device, you may access your assessment in the application by pressing the ‘Access Exam’
button in the top right corner of your app.
¥ Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed
to minimise or leave the app.
¥ Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the
assessment. No internet connection is required during the assessment.
¥ You have to adhere to the assessment time limit communicated to you by your institution as the time
displayed in the Invigilator App could differ from the time allocated to complete your assessment.
¥ You can click the "Finish Assessment" button in the app if you finish your assessment early.
¥ If you are performing a written or Scan-and-Upload assessment:
¥ The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the
assessment. Unless otherwise specified by your institution, this does NOT replace the normal upload of your
script to your institution’s online portal.
¥ After completing the invigilation and following all app instructions, you must upload your Invigilation App data. If,
however there is a delay in the upload of the app data at the end of the assessment, you should prioritise the upload
of your script to your university portal and you can temporarily minimise the app to do so. Uploading of app data is not
time sensitive and you can come back and do it after you have successfully uploaded your script to the exam portal.
¥ Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
073 505 8273.
Good Luck!
Downloaded by Thomas Mboya ()
, lOMoARcPSD|21997160
Page 3 of 19 ECS3703
CONFIDENTIAL May/June 2024
QUESTION 1 [20 marks]
a) Explain fully the components of the balance of payments and why these components always
balance. [10]
Downloaded by Thomas Mboya ()
MAY/JUNE EXAM 2024
DUE DATE: 2024
, lOMoARcPSD|21997160
UNIVERSITY EXAMINATIONS
May/June 2024
ECS3703
INTERNATIONAL FINANCE
100 Marks
Duration: 3 Hours
First Examiner: Dr MJ Khumalo
Second Examiner: Dr KO Amusa
External Examiner: Dr L Barnard
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 19 pages, including this cover page.
CONFIDENTIAL
Instructions:
1) Note that this is a closed book examination.
2) Submit your answers as a single document in PDF format. After completion of the exam paper,
submit your answers in one single PDF document using the eAssessment tool on myExams
portal. (https://cems.myexams.unisa.ac.za).
3) It is preferable for you to type your answers (Font: Arial 12) and then convert your document to
PDF format for submission. However, if this is not possible, you may also write your answers
down and scan them into a PDF file format. Please write legibly.
4) Start with a cover page stating the module code (ECS3703) and your student number. This
should be followed by your answers to the questions.
5) Note that all FIVE questions are compulsory. There are no elective questions.
6) Make sure that each question or sub-question is clearly numbered.
7) Academic dishonesty of any sort will not be tolerated.
8) Ensure that you type “I agree” for the declaration of honesty before you submit your answer
script.
9) Please ensure that your PDF document is NOT encrypted to a “secured” mode and that it is
NOT password protected as such files cannot be marked. Virus infected files will also not be
marked.
10) No emailed answer files will be accepted.
Downloaded by Thomas Mboya ()
, lOMoARcPSD|21997160
Page 2 of 19 ECS3703
CONFIDENTIAL May/June 2024
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
¥ Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR code.
¥ If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below the QR
code to start the invigilation.
¥ Unless otherwise specified by your institution, note that you can only scan this QR code once. If your assessment has
multiple online sections, tests or attempts, you should NOT finish the invigilation until your entire assessment has
been completed.
¥ Only scan the QR code when the assessment formally commences.
¥ The QR code is only scannable for a limited time and it should therefore be scanned as soon as possible to
start the invigilation.
¥ Once the QR code is scanned, ensure your media volume is turned up and place your smartphone next to you. The
Invigilator App will notify you with a notification beep when you are required to action a request, which you should
then perform.
¥ We recommend that you keep your smartphone on charge for the duration of the assessment.
¥ If you only have one device, you may access your assessment in the application by pressing the ‘Access Exam’
button in the top right corner of your app.
¥ Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed
to minimise or leave the app.
¥ Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the
assessment. No internet connection is required during the assessment.
¥ You have to adhere to the assessment time limit communicated to you by your institution as the time
displayed in the Invigilator App could differ from the time allocated to complete your assessment.
¥ You can click the "Finish Assessment" button in the app if you finish your assessment early.
¥ If you are performing a written or Scan-and-Upload assessment:
¥ The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the
assessment. Unless otherwise specified by your institution, this does NOT replace the normal upload of your
script to your institution’s online portal.
¥ After completing the invigilation and following all app instructions, you must upload your Invigilation App data. If,
however there is a delay in the upload of the app data at the end of the assessment, you should prioritise the upload
of your script to your university portal and you can temporarily minimise the app to do so. Uploading of app data is not
time sensitive and you can come back and do it after you have successfully uploaded your script to the exam portal.
¥ Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
073 505 8273.
Good Luck!
Downloaded by Thomas Mboya ()
, lOMoARcPSD|21997160
Page 3 of 19 ECS3703
CONFIDENTIAL May/June 2024
QUESTION 1 [20 marks]
a) Explain fully the components of the balance of payments and why these components always
balance. [10]
Downloaded by Thomas Mboya ()
