The learner will be able to:

Demonstrate an understanding of the place and role of the central banking in the economy of the country.

Specific Assessment Criteria:

The Learner must:

Know the meaning and importance of the price and financial stability and the monetary policy frameworks which are operated by central banks.
Be able to explain the policies adopted by central banks to manage foreign reserves.
Be able to identify the different exchange rate regiments.
Be able to distinguish between spot and forward exchange arrangements.

Integrated Assessment:

To ensure that all relevant material is effectively integrated, summative assessment integrating the cross-field and specific outcomes needs to be incorporated. Assessors must develop assessment instruments that adhere to the assessment criteria and adequately cover the exit-level outcomes in relation to the purpose of the qualification.

Assessment Strategy:

Continuous assessment by means of written assignments, projects, tests, case studies, seminars, tutorial exercises will be used to monitor learners’ progress and for remedial purposes.