ECS3701
EXAM PACK
Past exam questions, Detailed solutions,
explanations, and Summarised study Notes.
+27 81 278 3372
,UNIVERSITY EXAMINATIONS
Oct/Nov 2023
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms TS Moletsane
External Examiner: Ms PA Mathebula
This paper consists of 13 pages.
CONFIDENTIAL
Instructions:
(1) Once you have completed your answers submit it as a single document in PDF format using
the eAssessment tool on the myExams portal. It is preferable that you to type your answers
(Font: Arial 12) and then convert your document to PDF format for submission. However, if
this is not possible, you may write your answers down and scan them to a PDF file. Please
write legibly.
(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy
information from any source. You need to answer the questions in your own words.
Plagiarism and cheating will not be tolerated and may result in disciplinary action if
detected. Plagiarism and cheating will result in zero mark awarded.
(6) Please ensure that you submit a declaration of honesty on myUnisa.
(7) You will need your student number and password to access this platform. You need to accept
the honour pledge because it is compulsory for every student otherwise you will not be able
to access the paper, let alone upload it. This information will be used to report to Student
Disciplinary Committee should incidents of plagiarism be suspected.
(8) Please preview and verify your document before you submit to ensure that it is free of errors,
it is readable, that your PDF document is NOT encrypted to a “secured” mode and it is NOT
password protected as these files cannot be marked. Virus-infected files will also not be
marked.
(9) You have 2 hours to complete this assessment.
(10) Late submissions will NOT be marked. Emailed scripts will NOT be marked.
(11) Once you have submitted on the dedicated platform, you will receive an on-screen message
of successful submission. Please keep this email safe as a proof of your submission.
(12) If you insist on not being able to upload on the submission portal, you must contact the
number and email address provided in the QA documents posted on the announcement on
the module page and provide screenshots of the error screens.
STUDENT NUMBER
, Page 2 of 13 ECS3701
CONFIDENTIAL Oct/Nov 2023
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below the QR
code to start the invigilation.
• Unless otherwise specified by your institution, note that you can only scan this QR code once. If your assessment has
multiple online sections, tests or attempts, you should NOT finish the invigilation until your entire assessment has
been completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time and it should therefore be scanned as soon as possible to
start the invigilation.
• Once the QR code is scanned, ensure your media volume is turned up and place your smartphone next to you. The
Invigilator App will notify you with a notification beep when you are required to action a request, which you should
then perform.
• We recommend that you keep your smartphone on charge for the duration of the assessment.
• If you only have one device, you may access your assessment in the application by pressing the ‘Access Exam’
button in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed
to minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the
assessment. No internet connection is required during the assessment.
• You have to adhere to the assessment time limit communicated to you by your institution as the time
displayed in the Invigilator App could differ from the time allocated to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the
assessment. Unless otherwise specified by your institution, this does NOT replace the normal upload of your
script to your institution’s online portal.
• After completing the invigilation and following all app instructions, you must upload your Invigilation App data. If,
however there is a delay in the upload of the app data at the end of the assessment, you should prioritise the upload
of your script to your university portal and you can temporarily minimise the app to do so. Uploading of app data is not
time sensitive and you can come back and do it after you have successfully uploaded your script to the exam portal.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
073 505 8273.
Good Luck!
, Page 3 of 13 ECS3701
CONFIDENTIAL Oct/Nov 2023
ANSWER ALL FIVE QUESTIONS.
Question 1 [20 marks]
1.1 Financial costs are a major problem in financial markets. Explain whether financial intermediaries
reduce transaction costs and if so, how is it done? [10]
1.2 If you were a private investor, would you and/or financial intermediaries benefit from risk sharing?
Explain which party will benefit and why. [5]
EXAM PACK
Past exam questions, Detailed solutions,
explanations, and Summarised study Notes.
+27 81 278 3372
,UNIVERSITY EXAMINATIONS
Oct/Nov 2023
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms TS Moletsane
External Examiner: Ms PA Mathebula
This paper consists of 13 pages.
CONFIDENTIAL
Instructions:
(1) Once you have completed your answers submit it as a single document in PDF format using
the eAssessment tool on the myExams portal. It is preferable that you to type your answers
(Font: Arial 12) and then convert your document to PDF format for submission. However, if
this is not possible, you may write your answers down and scan them to a PDF file. Please
write legibly.
(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy
information from any source. You need to answer the questions in your own words.
Plagiarism and cheating will not be tolerated and may result in disciplinary action if
detected. Plagiarism and cheating will result in zero mark awarded.
(6) Please ensure that you submit a declaration of honesty on myUnisa.
(7) You will need your student number and password to access this platform. You need to accept
the honour pledge because it is compulsory for every student otherwise you will not be able
to access the paper, let alone upload it. This information will be used to report to Student
Disciplinary Committee should incidents of plagiarism be suspected.
(8) Please preview and verify your document before you submit to ensure that it is free of errors,
it is readable, that your PDF document is NOT encrypted to a “secured” mode and it is NOT
password protected as these files cannot be marked. Virus-infected files will also not be
marked.
(9) You have 2 hours to complete this assessment.
(10) Late submissions will NOT be marked. Emailed scripts will NOT be marked.
(11) Once you have submitted on the dedicated platform, you will receive an on-screen message
of successful submission. Please keep this email safe as a proof of your submission.
(12) If you insist on not being able to upload on the submission portal, you must contact the
number and email address provided in the QA documents posted on the announcement on
the module page and provide screenshots of the error screens.
STUDENT NUMBER
, Page 2 of 13 ECS3701
CONFIDENTIAL Oct/Nov 2023
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below the QR
code to start the invigilation.
• Unless otherwise specified by your institution, note that you can only scan this QR code once. If your assessment has
multiple online sections, tests or attempts, you should NOT finish the invigilation until your entire assessment has
been completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time and it should therefore be scanned as soon as possible to
start the invigilation.
• Once the QR code is scanned, ensure your media volume is turned up and place your smartphone next to you. The
Invigilator App will notify you with a notification beep when you are required to action a request, which you should
then perform.
• We recommend that you keep your smartphone on charge for the duration of the assessment.
• If you only have one device, you may access your assessment in the application by pressing the ‘Access Exam’
button in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed
to minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the
assessment. No internet connection is required during the assessment.
• You have to adhere to the assessment time limit communicated to you by your institution as the time
displayed in the Invigilator App could differ from the time allocated to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the
assessment. Unless otherwise specified by your institution, this does NOT replace the normal upload of your
script to your institution’s online portal.
• After completing the invigilation and following all app instructions, you must upload your Invigilation App data. If,
however there is a delay in the upload of the app data at the end of the assessment, you should prioritise the upload
of your script to your university portal and you can temporarily minimise the app to do so. Uploading of app data is not
time sensitive and you can come back and do it after you have successfully uploaded your script to the exam portal.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
073 505 8273.
Good Luck!
, Page 3 of 13 ECS3701
CONFIDENTIAL Oct/Nov 2023
ANSWER ALL FIVE QUESTIONS.
Question 1 [20 marks]
1.1 Financial costs are a major problem in financial markets. Explain whether financial intermediaries
reduce transaction costs and if so, how is it done? [10]
1.2 If you were a private investor, would you and/or financial intermediaries benefit from risk sharing?
Explain which party will benefit and why. [5]
