Ecs1601 study notes Study guides, Class notes & Summaries

ECS1601 Summary, Breakdown of the Study Units & Revision (Q & A) S - The study-notes marketplace Downloaded by: sibsdlam | Distribution of this document is illegal S - The study-notes marketplace 1 ECS1601 Summary Downloaded by: sibsdlam | Distribution of this document is illegal S - The study-notes marketplace 2 INTERDEPENDENCE OF THE MAJOR SECTORS, MARKET AND FLOWS IN A MIXED ECONOMY  Production is not pursued for its own benefit, the ultimate aim is to use or consume t...

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ECS1601 BEST STUDY NOTES ( WHOLE UNIT 1-7)----------------------This document contains solutions with detailed explanations that are clear for understanding purposes.

Contents WHAT IS MONEY? ................................................................................................................................... 6 FUNCTIONS OF MONEY........................................................................................................................... 6 Medium of exchange ........................................................................................................................... 6 Money is used as a unit of account. ................

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ECS1601_EXAM PACK. ECS1601 - Economics IB. The South African Reserve Bank [1] is responsible for the implementation of fiscal policy. [2] is lender of last resort for those consumers who are unable to secure a loan from commercial banks. [3] is co-responsible for tax collection. [4] is responsible for the formulation of monetary policy. 2.8 The positive balance on your cheque account is [1] an asset for you and a liability for your bank. [2] a liability for you and an asset for your bank...