This partial fill-in paper consists of 17 pages plus instructions for the completion of a mark-reading sheet.
Read the following instructions CAREFULLY before answering the paper.
The paper is divided into two sections: Section A and Section B.
SECTION A
Candidates must answer ALL the questions in this section.
SECTION B
In this section ALL the questions must be answered on the mark-reading sheet which is supplied.
Carefully follow the instructions for the completion of the mark-reading sheet.
Please ensure that you use the correct unique number on the mark-reading sheet:
If you are registered for ECS102-8, use the unique number 494802.
If you are registered for REC102-Y, use the unique number 477274.
As your mark-reading sheet can get lost, you MUST also write down your answers for this section. On the
last page of this paper space is provided for this purpose.
[TURN OVER]
, 2 ECS1028/REC102Y
May/June 2010
SECTION A [50 MARKS]
Answer ALL the following questions in the blocks provided.
QUESTION 1 [6]
(i) Mention the three broad ways in which government spending can be financed. (3)
(ii) Mention any three market-oriented instruments of a monetary policy. (3)
[TURN OVER]
, 3 ECS1028/REC102Y
May/June 2010
QUESTION 2 [15]
(i) Illustrate on the following diagrams the impact of a decrease in the interest rate. (7)
[TURN OVER]
Read the following instructions CAREFULLY before answering the paper.
The paper is divided into two sections: Section A and Section B.
SECTION A
Candidates must answer ALL the questions in this section.
SECTION B
In this section ALL the questions must be answered on the mark-reading sheet which is supplied.
Carefully follow the instructions for the completion of the mark-reading sheet.
Please ensure that you use the correct unique number on the mark-reading sheet:
If you are registered for ECS102-8, use the unique number 494802.
If you are registered for REC102-Y, use the unique number 477274.
As your mark-reading sheet can get lost, you MUST also write down your answers for this section. On the
last page of this paper space is provided for this purpose.
[TURN OVER]
, 2 ECS1028/REC102Y
May/June 2010
SECTION A [50 MARKS]
Answer ALL the following questions in the blocks provided.
QUESTION 1 [6]
(i) Mention the three broad ways in which government spending can be financed. (3)
(ii) Mention any three market-oriented instruments of a monetary policy. (3)
[TURN OVER]
, 3 ECS1028/REC102Y
May/June 2010
QUESTION 2 [15]
(i) Illustrate on the following diagrams the impact of a decrease in the interest rate. (7)
[TURN OVER]
