ECS3703
EXAM PACK
,UNIVERSITY EXAMINATIONS
May/June 2022
ECS3703
INTERNATIONAL FINANCE
100 Marks
Duration: 3 Hours
First Examiner: DR NP Vacu- Ngqila
Second Examiner: Dr KO Amusa
External Examiner: Dr L Barnard
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 26 pages, including this cover page.
CONFIDENTIAL
Instructions:
Submit your answers as a single document in PDF format. After completion of the exam paper, submit your
answers in one single PDF document using the eAssessment tool on myExams portal.
(https://cems.myexams.unisa.ac.za )
It is preferable for 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 also write your answers down and scan them into a PDF
file format. Please write legibly.
Start with a cover page stating the module code (ECS3703) and your student number.
This should be followed by your answers to the questions. Note that all eight questions are compulsory.
There are no elective questions.
Make sure that each question or sub question is clearly numbered.
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 will not be tolerated and may
result in disciplinary action if detected.
Ensure that you type “I agree” for the declaration of honesty before you submit your answer script.
Please ensure that your PDF document is NOT encrypted to a “secured” mode and that it is NOT password
protected as such files cannot be marked. Virus infected files will also not be marked.
,The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Please log into The Invigilator app. You need to be connected to the internet in order to log in
and scan the QR code.
• Scan the QR code above once the examination formally commences. If you encounter difficulty
with scanning of the QR code, you can also enter the QR access code at the bottom of the QR
code in order to start the assessment.
• Once the QR code is scanned, you can place your cell phone next to you. The Invigilator App
will notify you when an action is required. Ensure your media volume Is turned up.
• You may access MyUnisa in the application If you only have one device by pressing the ‘access
LMS’ button.
• Please remember to keep your cell phone on charge for the duration of the assessment.
• Keep the Invigilator app open on your cell phone during the assessment. You are not allowed
to leave or minimise the application.
• When an action is required, a notification beep will be heard. Action the request.
• Please ensure you are connected to the internet in order to commence the examination as well
as at the end of the examination. No internet connection is needed during the assessment.
• It is important to first upload your script to MyUnisa, uploading of app data is not time sensitive
and you can do it after you uploaded your script to MyUnisa.
• You can click the "Finish Assessment" button in the app if you finish early.
• Should you encounter any technical difficulty, please WhatsApp our Helpdesk on 073 505
8273.
Good Luck!
, Page 3 of 26 ECS3703
CONFIDENTIAL May/June 2022
QUESTION 1 [15 marks]
Assume a nation has elastic international capital flows, unemployment, and a balance-of-
payments/external deficit. Use a diagram to explain how fiscal and monetary policies could
be used to achieve internal and external balances while maintaining fixed exchange rates.
EXAM PACK
,UNIVERSITY EXAMINATIONS
May/June 2022
ECS3703
INTERNATIONAL FINANCE
100 Marks
Duration: 3 Hours
First Examiner: DR NP Vacu- Ngqila
Second Examiner: Dr KO Amusa
External Examiner: Dr L Barnard
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 26 pages, including this cover page.
CONFIDENTIAL
Instructions:
Submit your answers as a single document in PDF format. After completion of the exam paper, submit your
answers in one single PDF document using the eAssessment tool on myExams portal.
(https://cems.myexams.unisa.ac.za )
It is preferable for 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 also write your answers down and scan them into a PDF
file format. Please write legibly.
Start with a cover page stating the module code (ECS3703) and your student number.
This should be followed by your answers to the questions. Note that all eight questions are compulsory.
There are no elective questions.
Make sure that each question or sub question is clearly numbered.
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 will not be tolerated and may
result in disciplinary action if detected.
Ensure that you type “I agree” for the declaration of honesty before you submit your answer script.
Please ensure that your PDF document is NOT encrypted to a “secured” mode and that it is NOT password
protected as such files cannot be marked. Virus infected files will also not be marked.
,The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Please log into The Invigilator app. You need to be connected to the internet in order to log in
and scan the QR code.
• Scan the QR code above once the examination formally commences. If you encounter difficulty
with scanning of the QR code, you can also enter the QR access code at the bottom of the QR
code in order to start the assessment.
• Once the QR code is scanned, you can place your cell phone next to you. The Invigilator App
will notify you when an action is required. Ensure your media volume Is turned up.
• You may access MyUnisa in the application If you only have one device by pressing the ‘access
LMS’ button.
• Please remember to keep your cell phone on charge for the duration of the assessment.
• Keep the Invigilator app open on your cell phone during the assessment. You are not allowed
to leave or minimise the application.
• When an action is required, a notification beep will be heard. Action the request.
• Please ensure you are connected to the internet in order to commence the examination as well
as at the end of the examination. No internet connection is needed during the assessment.
• It is important to first upload your script to MyUnisa, uploading of app data is not time sensitive
and you can do it after you uploaded your script to MyUnisa.
• You can click the "Finish Assessment" button in the app if you finish early.
• Should you encounter any technical difficulty, please WhatsApp our Helpdesk on 073 505
8273.
Good Luck!
, Page 3 of 26 ECS3703
CONFIDENTIAL May/June 2022
QUESTION 1 [15 marks]
Assume a nation has elastic international capital flows, unemployment, and a balance-of-
payments/external deficit. Use a diagram to explain how fiscal and monetary policies could
be used to achieve internal and external balances while maintaining fixed exchange rates.
