Banking (Grade 11 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the key feature of demand deposits?
What is the key feature of demand deposits?
Immediate access without advance warning
Which deposit type typically offers the highest interest rates?
Which deposit type typically offers the highest interest rates?
Long-term deposits
What was South Africa's cash reserve requirement in 2010?
What was South Africa's cash reserve requirement in 2010?
2.5%
What is credit creation?
What is credit creation?
Banks expanding deposits through lending
In the M1 money supply formula , what does represent?
In the M1 money supply formula , what does represent?
Cash (notes and coins outside banks)
Which factor restricts a bank's ability to create credit?
Which factor restricts a bank's ability to create credit?
Money held by public in cash
What is the repo rate?
What is the repo rate?
Rate banks borrow from SARB
What is the prime overdraft rate?
What is the prime overdraft rate?
Lowest rate for creditworthy customers
Which body regulates micro-lending in South Africa?
Which body regulates micro-lending in South Africa?
Micro Finance Regulatory Council
When did the National Credit Act come into force in South Africa?
When did the National Credit Act come into force in South Africa?
2008