RSM_230_Mid-Term_2008_FInal-1 - Rotman School of Management...

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Rotman School of Management University of Toronto Exam # __________________ Mid-Term Exam RSM230 October 2008 Instructions: You have 1 ½ hours for this exam.  Answer all the questions directly on this question sheet.  No aids are allowed except an electronic calculator.  All cell phones and portable electronic devices must be turned off. Remain in your seats until the exam period is over so that you do not disturb  others. The exam is out of 98%; you get 2% for writing your student and section number  here:
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Student number: ______________________________   Section (day and time) ______________________________
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Question 1 (50%): These are all equally weighted multiple choice questions. A:   Real assets consist of: a) Machinery and equipment b) Consumer durables c) Treasury bills d) Land e) All of the above B: The major assets of the Canadian household sector consists of: a) b) Shares and houses (residential structures) c) d) Deposits (in banks) and Land e) None of those combinations C: Which of the following represents the primary source of capital: a) The foreign (international) sector b) Households c) Corporations d) Government e) The banking system D: Direct intermediation is inefficient because of: a) Search costs; b) Contracting costs c) Moral hazard d) Market illiquidity e) All of the above E: Indicate which of the following is incorrect
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a) The Bank of Canada pays the overnight rate minus 0.25% on  required reserves b) The Bank of Canada guarantees settlement through the CPA  system c) The Bank provides short term liquidity to members of the CPA d)  The large value transfer system regularly handles about $150  billion of settlements a day e) None of the above F: The current Bank of Canada target overnight rate is
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This note was uploaded on 02/25/2010 for the course ACCOUNTING 230 taught by Professor X during the Spring '10 term at University of Toronto- Toronto.

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RSM_230_Mid-Term_2008_FInal-1 - Rotman School of Management...

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