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Estate Agent's Examination Part 1&2

BOVAEP Diploma in Estate Agency (VAL)

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Estate Agent's Examination Part 1&2 > Posts tagged 1.3 (Page 2)

Tag: 1.3

Current vs Saving Deposits and Explicit vs Implicit Costs Q7

03/09/2018 Thomas Sim PEA2066

Q. a) Explain the difference between Current Deposits and Saving Deposits. (10 marks) b) Describe the difference between explicit costs and implicit costs by definition, concept and appropriate examples. (10 Read More …

2018 D03 Eco1.3

Functions of Commercial Bank and Measuring National Income Q8

03/09/2018 Thomas Sim PEA2066

Q. a) Describe the main functions of commercial banks based on the two (2) following aspects: i. Acceptance of deposits (5 marks) ii. Loan Facilities (5 marks) b) Discuss two Read More …

2018 D03 Eco1.3

Mixed Economic System & Free Trade Restrictions Q1

24/07/2017 Thomas Sim PEA2066

Q. a) Explain what is meant by mixed economic system. (5 marks) b) Describe three (3) importances of Free Trade Restrictions. (15 marks) (20 marks, 2017 Q1) A. a) Similar Read More …

2017 D03 Eco1.3

Government Policies influencing demand & international trade Q2

24/07/2017 Thomas Sim PEA2066

Q.a) Discuss the following government policy in influencing domestic demand in the country. i) Fiscal policy (4 marks)ii) Monetary policy (4 marks)iii) Direct Control Policy (4 marks) b) Explain two Read More …

2017 D03 Eco1.3

Problem in calculating National Income Q5

24/07/2017 Thomas Sim PEA2066

Q. a) Discuss three (3) problems in calculating National Income (12 marks) b) Describe two (2) types of deposits offered by commercial banks (8 marks) (20 marks, 2017 Q5) A. Read More …

2017 D03 Eco1.3

Cost-push v Demand-pull inflation Communication System and Trade Barriers Q6

24/07/2017 Thomas Sim PEA2066

Q.a) Explain the differences between Cost-push inflation and Demand-pull inflation. (10 marks) b) Explain how the following factors promoting globalization of the national economy. i) The development of Communication System Read More …

2017 D03 Eco1.3

Factors influencing household consumption Q7

24/07/2017 Thomas Sim PEA2066

Q.Explain how these factors influence the household consumption. a) Disposable income levels (5 marks) b) Interest rate and loan conditions (5 marks) c) Expected price of the future (5 marks) Read More …

2017 D03 Eco1.3

Factors affecting investment Q8

24/07/2017 Thomas Sim PEA2066

Q. Clarify how the following factors affect the performance of an investment a) National income (4 marks) b) Loan interest rate (4 marks) c) Technological advances (4 marks) d) The Read More …

2017 D03 Eco1.3

4 assumptions in PPC, Concepts & Systems Q1

10/08/2016 Thomas Sim PEA2066

Q.(a) Define economic systems. (6 marks) (b) List FOUR (4) assumptions in Production Possibility Curve (PPC). (4 marks) (c) Explain the following concepts. (i) Scarcity(ii) Choices(iii) Opportunity Cost Give an Read More …

2016 D03 Eco1.3

Equilibrium in Demand and Supply Q2

10/08/2016 Thomas Sim PEA2066

Q.Table 1 below shows the demand and supply for single storey terrace houses in Semenyih, Selangor. (a) Based on the information above, determine the market condition for each of the Read More …

2016 D03 Eco1.3

Elasticity Calculations Q3

10/08/2016 Thomas Sim PEA2066

Q.(a) If income increases from RM2,000 per month to RM5,000 per month and the quantity of demand for single storey terrace increases from 90 to 100 units, (i) Calculate the Read More …

2016 D03 Eco1.3

Various Costs in Production Q4

10/08/2016 Thomas Sim PEA2066

Q.Table 3 shows the behavior of various types of costs in the short run of vinyl floor production. (a) If the production fixed cost is at RM20 per quantity, what Read More …

2016 D03 Eco1.3

Money & Business Cycle Q5

10/08/2016 Thomas Sim PEA2066

Q. (a) Explain any TWO (2) of the following types of money. (i) Commodity Money (ii) Fiat Money (iii) Legal Tender (iv) Token Money (v) Demand Deposits/Current Accounts (5 marks) Read More …

2016 D03 Eco1.3

International Trade & Domestic Trade Q6

10/08/2016 Thomas Sim PEA2066

Q. (a) Explain any THREE (3) of the following terms in relation to International Trade and Domestic Trade. (i) Mobility of Production (ii) Size of Market and Total Transaction (iii) Read More …

2016 D03 Eco1.3

Perfect Competition in Real Estate Market Q7

10/08/2016 Thomas Sim PEA2066

Q.(a) Explain the following characteristics in relation to real estate market and perfect competition market. (i) Numbers of buyers and sellers(ii) Types of products(iii) Knowledge of the market (15 marks) Read More …

2016 D03 Eco1.3

Terms for Economics Q8

08/08/2016 Thomas Sim PEA2066

Q. (a) State any TWO (2) types of government budget. (5 marks) (b) State TWO (2) functions of Central Bank. (5 marks) (c) Define direct tax and give TWO (2) Read More …

2016 D03 Eco1.3

Free vs Central Planning Economic Systems Q1

21/08/2015 Thomas Sim PEA2066

Q. (a) Explain the difference between macroeconomics and microeconomics. (5 marks) (b) Describe the three (3) characteristic differences between free economic system and central planning economic system. (15 marks) (20 Read More …

2015 D03 Eco1.3

Effect of government intervention in stabilizing economy Q2

21/08/2015 Thomas Sim PEA2066

Q. (a) Explain how government intervention is done in stabilizing the economy. (6 marks) (b) Describe the difference between Domestic Trade and International Trade. (8 marks) (c) “Government intervention in Read More …

2015 D03 Eco1.3

Deflation and Inflation Cost-push and Demand-push Q3

21/08/2015 Thomas Sim PEA2066

Q. (a) Explain the difference between deflation and inflation. (4 marks) (b) Explain two (2) of the following factors as causes of inflation. (i) Cost-push inflation (4 marks) (ii) Demand-pull Read More …

2015 D03 Eco1.3

Firm Industry Product Input Consumer and Capital Goods Q4

21/08/2015 Thomas Sim PEA2066

Q.(a) Explain the difference between consumer goods and capital goods. (8 marks) (b) Explain the following ‘term’ with suitable examples. (i) Firm (4 marks) (ii) Industry (4 marks) (iii) Production Read More …

2015 D03 Eco1.3

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