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Buss 115: Macro Economics Question Paper

Buss 115: Macro Economics

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY
END OF 1''ST ''TRIMESTER 2013 (SCHOOL BASED) EXAMINATIONS
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BUSS 115
UNIT TITLE : MACROECONOMICS
TIME : 2 HOURS

Instructions:
Answer question one and any other two.
Question One
Define the following terms
Money market
International trade
Stock exchange
Capital goods
Analyse the determinants of national income in a developing economy.
(10mks)
Question Two
Discuss the function of a central bank of a ceuntry in fighting inflation. (20mks)
Question Three
Discuss the causes and the types of inflation commonly found in undeveloped countries. (20mks)
Question Four
Discuss the importance of nation income in a country like Kenya and the evils associate with poor distribution of resources. (20mks)
Question Five
Write short notes of any four of the following.
Bank drafts
Bill of exchange
Promissory note
Commercial banks
Fixed deposit account
Electronic banking
Barter transactions.

Buss 115: Macro Economics Question Paper

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