ECS2603 - South African Economic Indicators (ECS2603) ASSINGMENT 6 ONLINE ASSESSMENT YEAR 2021

ECS2603
ASSIGNMENT 06
ONlINE ASSESSMENT

YEAR 2021

, Part 1 of 9 - Part 01 6.0 Points

Question 1 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0


An increase in cheque accounts will not increase the M2 money aggregate.



A. True
B. False




Answer Key:False

Question 2 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0


Since income is paid in a monetary unit money and income is the same thing.



A. True
B. False




Answer Key:False

Question 3 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0


An increase in long term deposits held by the private sector will increase the
M3 money aggregate.



A. True
B. False




Answer Key:True

Part 2 of 9 - Pat 02 8.0 Points

Question 4 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0

, If the principal amount of a loan is R100 000, the period 2 years and an
interest of 5% is paid on the principal amount only it is referred to as a
compound interest.



A. True
B. False




Answer Key:False

Question 5 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0


The formula for calculating the interest payment using is simple interest rate
is PV x i x n.



A. True
B. False




Answer Key:True

Question 6 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0


If the principal amount of a loan is R100 000, the period 2 years and an
interest of 5% is paid that is added yearly to the principle amount it is
referred to as a simple interest.



A. True
B. False




Answer Key:False

Question 7 of 49
2.0 Points. Point(s) deducted for incorrect answer: 1.0


If the principal amount of a loan is R100 000, the period 2 years and an