Central 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 are SARB's three main responsibilities?
What are SARB's three main responsibilities?
Monetary policy, efficiency, education
What is unique about SARB's ownership structure?
What is unique about SARB's ownership structure?
It is privately owned
What percentage of total assets do the five major banks control?
What percentage of total assets do the five major banks control?
Over 80%
Who supervises and regulates all banks in South Africa?
Who supervises and regulates all banks in South Africa?
The Registrar of Banks
Which institution has sole authority to issue new bank notes and coins?
Which institution has sole authority to issue new bank notes and coins?
SARB
When does the Minister of Finance set inflation targets?
When does the Minister of Finance set inflation targets?
Each year in February
What is the repo rate?
What is the repo rate?
Rate SARB charges banks for borrowing
What happens when SARB increases the repo rate?
What happens when SARB increases the repo rate?
Borrowing costs rise, slowing the economy
What occurs if SARB increases the legal cash requirement?
What occurs if SARB increases the legal cash requirement?
Banks lend less, slowing the economy
Which is a consequence of bank failure?
Which is a consequence of bank failure?
Erosion of public confidence