ECS2603 ASSIGNMENT 5 SEMESTER 1 OF 2023 EXPECTED QUESTIONS AND ANSWERS

The prime overdraft rate is the rate at which the central bank extend credit to commercial banks..



True
OSCAR THE TUTOR
False
Clear my choice 0844708483
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials



Question 18
Answer saved
Marked out of 2.00




The repo rate is the rate at which the central bank extend credit to commercial banks.



True

False

Clear my choice




Question 19
Answer saved
Marked out of 2.00




Since a treasury bill is a short term government security the treasury bill rate is part of the bond market.



True
False

Clear my choice




Question 20
Answer saved
Marked out of 6.00



If a 12 month bill with a face value of R99 000 is sold for R94 000 the discount is R 5000 and the discount rate is 5.1 % (one decimal). The yield or

interest earned by the holder of the bill is 5.3 % (one decimal).




◄ Resources for assessment 5

, OSCAR THE TUTOR

0844708483
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials




OSCAR THE TUTOR

0844708483
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials