1.17 "The South African Reserve Bank's target range of 3% to 6%" is a demonstration of which of the following costs of inflation? (4 Marks) a) Distribution costs b) Economic costs c) Non-economic costs d) Social and political effects 1.18 Suppose that the bank later wishes to raise interest rates, which of the following instruments will they NOT make use of? (4 Marks) a) Accommodation policy b) Open-market policy c) Raise the Repo rate d) Raise the cost of borrowing