Question Tag: money items

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  • 20 Marks

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

(a) What is legal money? (4 marks

(b) State two factors that determine the amount of money people reserve for speculative motives. (4 marks)

(c) Name two items that count as money. (4 marks)

d) What is the most basic requirement of money? (4 marks

e) Define the term bank rate. (4 marks)

(Total marks:20)

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  • 20 Marks

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

(a) What is legal money? (4 marks

(b) State two factors that determine the amount of money people reserve for speculative motives. (4 marks)

(c) Name two items that count as money. (4 marks)

d) What is the most basic requirement of money? (4 marks

e) Define the term bank rate. (4 marks)

(Total marks:20)

Login or create a free account to see answers

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