Ecs3701 exam pack Study guides, Class notes & Summaries
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ECS3702 LATEST EXAM SOLUTIONS AND NOTES 2023
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ECS3702 LATEST EXAM SOLUTIONS AND NOTES 2023
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ECS3701 EXAM PACK 2023
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ECS3701 
Oct/Nov 2017 
1. Explain the following terms 
i. Inflation targeting 
Monetary policy strategy that involves public announcement of a medium-term 
numerical target for inflation. 
ii. Interest rate risk 
The riskiness of earnings and returns that is associated with changes in interest rates 
iii. Monetary Policy 
Monetary policy can be defined as the measures taken by the monetary authorities to 
influence the quantity of money or the rate of interest with a view to achieving st...
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ECS3701 EXAM PACK 2024
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LATEST EXAM PACK QUESTIONS AND ANSWERS AND SUMMARIZED NOTES FOR EXAM PREPARATIONS. 
UPDATED FOR 2024 EXAMS!!
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Ecs3701 exam pack 2023 COMPLETE STUDY GUIDE 100% GRADED A+
- Exam (elaborations) • 157 pages • 2023
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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 ...
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ECS3701 EXAM PACK 2023 (Correct answers)
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the document has the latest questions and elaborate answers
Too much month left at the end of the money?
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ECS3701 EXAM PACK 2024
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LATEST EXAM PACK QUESTIONS AND ANSWERS AND SUMMARIZED NOTES FOR EXAM PREPARATIONS. 
UPDATED FOR 2024 EXAMS!!
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ECS3701 EXAM PACK 2023
- Exam (elaborations) • 156 pages • 2023
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QUESTIONS WITH ANSWERS
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ECS3701 EXAM PACK 2023
- Exam (elaborations) • 157 pages • 2023
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the document has the latest questions and elaborate answers
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ECS3701 EXAM PACK 2023
- Exam (elaborations) • 157 pages • 2023
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ECS3701 EXAM PACK 2023
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Summary ECS3701 EXAM PACK 2023
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Summary ECS3701 EXAM PACK 2023
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