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Started on Monday, 5 May 2025, 8:37 PM +27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
State Finished tutorialsOSCAR THE TUTOR
Completed on Monday, 5 May 2025, 9:59 PM
Time taken 1 hour 22 mins +27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
Marks 35.50/70.00 tutorials
Grade 50.71 out of 100.00
Feedback
You passed this assessment but there were quite a few questions that you did not
answered incorrectly carefully, making sure you will not make a similar mistake aga
If this was your first attempt and you wish to improve your mark, you can resubmit
credits to determine your semester mark.
Question 1 Based on the following information calculate the total interest paid in rands (no
Incorrect cents) at the end of the period:
Mark 0.00 out Present value: R6690
of 3.00 Simple interest rate: 7%
Flag Period: 2 years
question
Answer: 7626.60
The formula to calculate the simple interest is as follows:
Interest amount = R6690 x 7/100 x 2
The correct answer is: 937
Question 2
The questions in this part are based on the Money and Banking section of the
Partially correct
SARB Quarterly Bulletin, December 2024 that is available on the SARS
Mark 2.00 out webpage. This document is available in the Resources for Assessment 5.
of 7.00
(i) For 2023, M2 changed by ___________%.
Flag
question
22.84
(two decimals)
(ii) For September 2024, current and transactional account deposits formed
__________% of M1.
3.2
(one decimal)
(iii) For February 2024, the growth rate in M1 compared to February 2023, was
smaller than the growth rate in M3.
, True Correct
False
Mark 2.00 out of 2.00
The correct answer is: True
The percentage changes in the monetary aggregates can be found on page S-
153 of the SARB Quarterly Bulletin, December 2024.
(i) For 2023, M2 changed by 7.96%.
For questions (ii), information from the Monetary Aggregates table on page S-
23 the SARB Quarterly Bulletin, December 2024 can be used to answer the
questions.
(ii) For September 2024, current and transactional account deposits
formed 41.0% of M1.
This can be calculated as follows:
Current and transactional account deposits for Sept 24 / Total M1 for Sept 24 x
100 = R1 154 313m / R2 812 300 = 41.0%
The percentage changes in the monetary aggregates can be found on page S-
153 of the SARB Quarterly Bulletin, December 2024.
(iii) For February 2024, the growth rate in M1 compared to February 2023, was
smaller than the growth rate in M3. The statement is therefore true,
The growth rate in M1 was 3.99% and the growth rate in M3 was 5.71%.
Question 3 If you wish to receive R55094 in two years time and you can earn an interest
Correct rate of 8% per annum compounded annually how much in rands (no cents)
Mark 3.00 out should you invest today?
of 3.00
Flag
question Answer: 47234.22
The formula to calculate the present value is as follows:
PV = FV / [ (1+i ) n ] = R55094 / [ (1 + 0.08 ) 2 ]
The correct answer is: 47234
Question 4 The M1A money aggregate only consist of coin and banknotes.
Correct
Mark 2.00 out True
of 2.00
, Flag False
question
Your answer is correct.
This is false. It consists of cash plus cheque (current) account deposits and
transmission deposits. It includes the most liquid forms of money meaning it is
available for immediate payment.
The correct answer is: False
Question 5
The questions in this part are based on the Money and Banking section of the
Incorrect
SARB Quarterly Bulletin, December 2024 that is available on the SARS
Mark 0.00 out webpage. This document is available in the Resources for Assessment 5.
of 9.00
CPI figures for 2021 to 2023 can be seen in the following table:
Flag
question
Inflation rate
information
Year Change in CPI
2021 4.5
2022 6.9
2023 6.0
Assume that the current inflation rate as measured by the change in CPI is
approximately equal to the expected inflation rate.
(i) The real repurchase rate on 30 June 2022 was ___________%.
-2.2%
(one decimal)
(ii) The real prime lending rate on 30 June 2021 was ___________%.
2.5%
(one decimal)
(iii) The real current account deposit rate in May 2023 was ___________%.
-5.8%
(one decimal)
, Information on the money market interest rates can be found in the table
Money market and related interest rates on page S-32 of the SARB Quarterly
Bulletin for December 2024.
(i) The real repurchase rate on 30 June 2022 was -2.2 %.
The nominal repurchase rate on 30 June 2022 was 4.75% while the inflation rate
for 2022 is indicated in the table as 6.9%. We can calculate the real repurchase
rate as follows: 4.75% - 6.9% = -2.15%, which if rounded to one decimal is -2.2%
(ii) The real prime lending rate on 30 June 2021 was 2.5%.
The nominal prime lending rate on 30 June 2021 was 7.00% while the inflation
rate for 2021 is indicated in the table as 4.5%. We can calculate the real prime
lending rate as follows: 7.0% - 4.5% = 2.5%.
Information on the nominal current account deposit rates can be found in the
table Weighted average bank deposit rates on page S-30 of the SARB Quarterly
Bulletin for December 2024.
(iii). The real current account deposit rate in May 2023 was -1.5%.
The nominal current account deposit rate in May 2023 was 4.53% while the
inflation rate for 2023 is indicated in the table as 6.0%. We can calculate the real
current account deposit as follows: 4.53% - 6.00% = -1.47%, rounded to one
decimal gives us -1.5%.
Question 6 The prime overdraft rate is a key interest rate in the money market.
Correct
Mark 2.00 out True
of 2.00
Flag False
question
Your answer is correct.
The statement is true. The prime overdraft rate is a short-term rate and an
important money market interest rate.
The correct answer is: True
Question 7 You can be wealthy without having a lot of money.
Correct
Mark 2.00 out True
of 2.00
Flag
False
question
Your answer is correct.
This is true. Wealth can be held in the form of money but it can also be held in
various other assets, such as land, real estate, art, financial assets such as
bonds, shares and other financial assets, and a whole lot more.
Started on Monday, 5 May 2025, 8:37 PM +27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
State Finished tutorialsOSCAR THE TUTOR
Completed on Monday, 5 May 2025, 9:59 PM
Time taken 1 hour 22 mins +27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
Marks 35.50/70.00 tutorials
Grade 50.71 out of 100.00
Feedback
You passed this assessment but there were quite a few questions that you did not
answered incorrectly carefully, making sure you will not make a similar mistake aga
If this was your first attempt and you wish to improve your mark, you can resubmit
credits to determine your semester mark.
Question 1 Based on the following information calculate the total interest paid in rands (no
Incorrect cents) at the end of the period:
Mark 0.00 out Present value: R6690
of 3.00 Simple interest rate: 7%
Flag Period: 2 years
question
Answer: 7626.60
The formula to calculate the simple interest is as follows:
Interest amount = R6690 x 7/100 x 2
The correct answer is: 937
Question 2
The questions in this part are based on the Money and Banking section of the
Partially correct
SARB Quarterly Bulletin, December 2024 that is available on the SARS
Mark 2.00 out webpage. This document is available in the Resources for Assessment 5.
of 7.00
(i) For 2023, M2 changed by ___________%.
Flag
question
22.84
(two decimals)
(ii) For September 2024, current and transactional account deposits formed
__________% of M1.
3.2
(one decimal)
(iii) For February 2024, the growth rate in M1 compared to February 2023, was
smaller than the growth rate in M3.
, True Correct
False
Mark 2.00 out of 2.00
The correct answer is: True
The percentage changes in the monetary aggregates can be found on page S-
153 of the SARB Quarterly Bulletin, December 2024.
(i) For 2023, M2 changed by 7.96%.
For questions (ii), information from the Monetary Aggregates table on page S-
23 the SARB Quarterly Bulletin, December 2024 can be used to answer the
questions.
(ii) For September 2024, current and transactional account deposits
formed 41.0% of M1.
This can be calculated as follows:
Current and transactional account deposits for Sept 24 / Total M1 for Sept 24 x
100 = R1 154 313m / R2 812 300 = 41.0%
The percentage changes in the monetary aggregates can be found on page S-
153 of the SARB Quarterly Bulletin, December 2024.
(iii) For February 2024, the growth rate in M1 compared to February 2023, was
smaller than the growth rate in M3. The statement is therefore true,
The growth rate in M1 was 3.99% and the growth rate in M3 was 5.71%.
Question 3 If you wish to receive R55094 in two years time and you can earn an interest
Correct rate of 8% per annum compounded annually how much in rands (no cents)
Mark 3.00 out should you invest today?
of 3.00
Flag
question Answer: 47234.22
The formula to calculate the present value is as follows:
PV = FV / [ (1+i ) n ] = R55094 / [ (1 + 0.08 ) 2 ]
The correct answer is: 47234
Question 4 The M1A money aggregate only consist of coin and banknotes.
Correct
Mark 2.00 out True
of 2.00
, Flag False
question
Your answer is correct.
This is false. It consists of cash plus cheque (current) account deposits and
transmission deposits. It includes the most liquid forms of money meaning it is
available for immediate payment.
The correct answer is: False
Question 5
The questions in this part are based on the Money and Banking section of the
Incorrect
SARB Quarterly Bulletin, December 2024 that is available on the SARS
Mark 0.00 out webpage. This document is available in the Resources for Assessment 5.
of 9.00
CPI figures for 2021 to 2023 can be seen in the following table:
Flag
question
Inflation rate
information
Year Change in CPI
2021 4.5
2022 6.9
2023 6.0
Assume that the current inflation rate as measured by the change in CPI is
approximately equal to the expected inflation rate.
(i) The real repurchase rate on 30 June 2022 was ___________%.
-2.2%
(one decimal)
(ii) The real prime lending rate on 30 June 2021 was ___________%.
2.5%
(one decimal)
(iii) The real current account deposit rate in May 2023 was ___________%.
-5.8%
(one decimal)
, Information on the money market interest rates can be found in the table
Money market and related interest rates on page S-32 of the SARB Quarterly
Bulletin for December 2024.
(i) The real repurchase rate on 30 June 2022 was -2.2 %.
The nominal repurchase rate on 30 June 2022 was 4.75% while the inflation rate
for 2022 is indicated in the table as 6.9%. We can calculate the real repurchase
rate as follows: 4.75% - 6.9% = -2.15%, which if rounded to one decimal is -2.2%
(ii) The real prime lending rate on 30 June 2021 was 2.5%.
The nominal prime lending rate on 30 June 2021 was 7.00% while the inflation
rate for 2021 is indicated in the table as 4.5%. We can calculate the real prime
lending rate as follows: 7.0% - 4.5% = 2.5%.
Information on the nominal current account deposit rates can be found in the
table Weighted average bank deposit rates on page S-30 of the SARB Quarterly
Bulletin for December 2024.
(iii). The real current account deposit rate in May 2023 was -1.5%.
The nominal current account deposit rate in May 2023 was 4.53% while the
inflation rate for 2023 is indicated in the table as 6.0%. We can calculate the real
current account deposit as follows: 4.53% - 6.00% = -1.47%, rounded to one
decimal gives us -1.5%.
Question 6 The prime overdraft rate is a key interest rate in the money market.
Correct
Mark 2.00 out True
of 2.00
Flag False
question
Your answer is correct.
The statement is true. The prime overdraft rate is a short-term rate and an
important money market interest rate.
The correct answer is: True
Question 7 You can be wealthy without having a lot of money.
Correct
Mark 2.00 out True
of 2.00
Flag
False
question
Your answer is correct.
This is true. Wealth can be held in the form of money but it can also be held in
various other assets, such as land, real estate, art, financial assets such as
bonds, shares and other financial assets, and a whole lot more.
