The balance on a credit card, that charges a \( 28.5 \% \) APR interest rate, over a 1 month period has a daily balance of \( \$ 145 \). What is the finance charge, on the average daily balance, for this 1 month period? \[ 28.5 \%=0.285 \] Hint: Divide the decimal by 12 to get the monthly interest rate. Do not round that answer. Take that answer and multiply it to the average daily balance. Finance charge = \( \$[ \) ? ]

QUESTION 13 Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa. b) The provision of education services in government schools. c) The provision of education services in private schools. d) The market for fast foods.

1.1 Moses earns a gross salary of R10 500 per month. The basic monthly expenses used from the income are as follows: Housing expense \( 21 \% \); Food \( 36 \% \), Transport \( 10 \% \); Cellphone bills \( 1,9 \% \). The rest is for savings. the above information to answer the following questions. 1.1.1 Calculate the total gross salary per annum. 1.1.2 Determine the amount of the monthly food expense. simplest form. 1.1.4 Calculate Moses's percentage for savings from his salary.

QUESTION 17 When the reserve bank prints more money and increases the money supply, this will cause prices a) Decrease b) Stabilise c) Increase d) Fluctuate

QUESTION 21 Suppose the nominal exchange rate between the Japanese yen and the UK pound is 100 yen per pound. Further, suppose that a kilogram of rice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchange rate between Japan and the UK? a) 2.5 kilograms of Japanese rice per kilogram of UK rice. b) 0.5 kilograms of Japanese rice per kilogram of UK rice. c) 1.25 kilograms of Japanese rice per kilogram of UK rice. d) 0.8 kilograms of Japanese rice per kilogram of UK rice.

An economy is at equilibrium output when a) \( Y=C+1+G+(X-M) \) b) \( Y=A D+C+G+(X-M) \) c) \( Y=A D+C+I+G+(X-M) \) d) \( Y=A D+C+I+G \)