QUESTION 8 China's central bank Monday conducted a total of 10 billion yuan (about \( \$ 1.4 \) billion) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2 percent, according to the People's Bank of China. The move aims to keep stable liquidity in the banking system, the central bank said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future." The area of responsibility that China's central bank is undertaking with the above decision is that of: a) Fiscal policy. b) Service to the government. c) Provision of economic and statistical services. d) Maintaining financial stability.

\( \begin{array}{ll}\text { 2) } 6,5 \% \cdot y=3,3 ; & \text { 4) } \frac{3}{4} \% \cdot y=3 \frac{1}{2}\end{array} \begin{array}{l}\text { 407. Bank goýumçylara her ýylda } 2 \% \text { girdeji berýär. Banka 1) } 20000 \\ \text { man goýan goýumçy; 2) } 30000 \text { man goýan goýumçy bir ýylda näçe girdeji }\end{array} \)

9.1 How much must Peter invest now, at \( 9,5 \% \) p.a. compounded quarterly, if he wants to have \( R 40000 \) after 6 years? Convert \( 20 \% \) p.a. effective to a nominal rate, compounded monthly. Mike opens a savings account with a deposit of \( R 60000 \). He leaves the money in the account for 7 years. The interest rate for the first 3 years is \( 2,7 \% \) p.a. compounded quarterly and for the remaining 4 years it is \( 3,2 \% \) p.a. compounded monthly. How much money will be in Mike's savings account at the end of the 7 -year period? Sarah deposited \( R 6000 \) into her bank account 10 years ago. Six years ago, she withdrew \( R 2000 \). Interest is calculated at \( 7,6 \% \) p.a. compounded monthly. How much money is in the account at present?

407. Bank goýumçylara her ýylda \( 2 \% \) girdeji berýär. Banka 1) 20000 man goýan goýumçy; 2) 30000 man goýan goýumçy bir ýylda näçe girdeji alar?

hando needs to buy a new Tablet. The new Tablet costs R7 990 . hando does not have the full amount of money available, so she tas decided to buy it using a hire purchase agreement. The terms of he agreement are as follows: \( 15 \% \) per annum simple interest 48 monthly payments Monthly processing fee of R15,50 Determine the monthly amount payable, including interest and fees Sn her \( 29^{\text {th }} \) birthday, Lerato invested R5000 on the Johannesburg stock Exchange. Her shares increased in value by \( 20 \% \) compounded annually. How much would her investment be worth her \( 60^{\text {th }} \) birthday?

and savings account. If he put \( \$ 180 \) into his savings account, what percentage of the total deposit did he put in his checking account?