Government Expenditure On Services Flashcards
1
Q
How does the government make their income?
A
- Education
- Social welfare
- Health
- Housing
- Protection
- Economic development
- Debt
2
Q
What does the Fiscal and Monetary policy help the government with?
A
Tools used to achieve economic growth and development
3
Q
What is the Fiscal Policy?
A
Helps controlling the expenditure and income via the National budget- department of finances
4
Q
What is the Monetary policy ?
A
Used to control amount of money in circulation in country
- SARB
5
Q
Give examples of the functions of the SARB
A
- Issuing notes and coins
- Supervising the banking sector
- managing the official gold and foreign exchange reserves
- acting as governments banker
- managing the country’s exchange control policies
