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CA ZAMBIA PROGRAMME EXAMINATIONS ___ KNOWLEDGE LEVEL ___ CA 1.1: FINANCIAL ACCOUNTING ___ MONDAY 11 DECEMBER 2017 ___ TOTAL MARKS 100; TIME ALLOWED: THREE (3) HOURS ___ INSTRUCTIONS TO CANDIDATES

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How to fill out economic and financial convergence

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Gather necessary economic data such as GDP, inflation rate, unemployment rate, and government debt.

02

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Who needs economic and financial convergence?

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Countries looking to join a currency union or economic community.

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What is economic and financial convergence?

Economic and financial convergence refers to the process where different economies and financial systems become more integrated or similar in terms of economic performance and financial practices, often leading to increased stability and reduced disparities among them.

Who is required to file economic and financial convergence?

Entities such as corporations, financial institutions, and other organizations that meet specific criteria set by regulatory bodies are required to file for economic and financial convergence.

How to fill out economic and financial convergence?

To fill out economic and financial convergence, entities need to gather necessary financial data, follow the guidelines provided by the overseeing authority, and submit required forms accurately by the deadline.

What is the purpose of economic and financial convergence?

The purpose of economic and financial convergence is to enhance economic stability, promote uniformity in financial systems, facilitate cross-border investments, and reduce the risk of financial crises.

What information must be reported on economic and financial convergence?

The information that must be reported includes financial statements, economic indicators, compliance with regulations, and other relevant financial data as stipulated by the regulatory authority.

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