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Econ341-Beesley-F08-Final-with-Key

Econ341-Beesley-F08-Final-with-Key - .25hours...

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Econ 341 A2 Fall 2008 Final Examination 70 MC + 30 short answers Scott Beesley 2.25 hours Name___________________________________ Student Number_________________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Every recession in the Canadian economy in the 20th century had been preceded by A) a war B) an appreciation of the dollar C) high unemployment rates D) a decline in the rate of money growth 2) Which of the following are true statements? 3) The higher a security ʹ s price in the secondary market 4) Risk sharing is also known as 5) When an economist states that barter is impossible, she doesn ʹ t really mean that barter is impossible. Her real meaning is that A) it is impossible for barter transactions to leave parties to an exchange better off. B) barter transactions are relatively costly. C) barter is illegal. D) barter has no useful place in today ʹ s world. 6) Compared to a payment system based on cheques, an electronic funds transfer systems (EFTS) system has the advantage that 7) You have the choice of receiving either $500 today, or $600 in two years, or $665.50 in three years. What would you choose? you know that the interest rate is 10%. 8) If $1102.50 is the amount payable in two years for a $1000 simple loan made today, the interest rate is
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