• Monetary Sector
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  • The responsibility of SARB
    Controls interest repo rate, issues bank notes and coins, controls inflation
  • Explain M1, M2 and M3
    Coins and notes in circulation outside monetary sector M2 M1 + short term and medium term deposits M3 M2 + Long term deposits.
  • Definition of money
    Anything accepted foe exchange of goods and service, used to pay Debt and in early days used as a medium of exchange barter trading.
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