Answer to Question #196204 in Macroeconomics for Nolo

Question

Do you think the SARB should be nationalised? Support your argument with not more than five relevant points.

Answer 1

The SARB should be nationalized because:

• It is governed by the South African Constitution.
• It formulate and implement South Africa's monetary policy, ensuring the efficiency of South Africa's financial system.
• It educate South Africa's citizens about the monetary and economic situation of the country.
• The SARB is responsible for issuing both banknotes and coins.
• It plays a role in economic growth of South Africa.