Midterm 2009 answers - RSM100Y1Y INTRODUCTION TO MANAGEMENT...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
page 1 of 10 R S M 1 0 0 Y 1 Y I N T R O D U C T I O N T O M A N A G E M E N T Rotman School of Management | Faculty of Arts & Science University of Toronto Midterm test Wednesday Oct 14, 2009 No Aids Allowed Duration 60 minutes (all students must remain for 60 minutes) 36 Multiple Choice Questions TOTAL MARKS = 36 NAME: STUDENT #: INSTRUCTIONS Please read carefully! Answer the following on the computer sheet. (Circled answers on the test paper will NOT be accepted). On the computer sheet, make sure you: Use an HB pencil; Write and BUBBLE IN your student number; Fill in your name and initials Completely bubble in your answers; Do not make any extra marks on your sheet. If you fail to follow all of these instructions, it could mean your sheet will not be read properly and that you will not get all the marks you deserve. Remember: Choose the best answer . There is no penalty for guessing.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
page 2 of 10 1. The three basic functions of money are: a. medium of exchange, portability and durability b. store of value, durability and medium of exchange c. unit of account, medium of exchange and store of value d. portability, stability and divisibility e. none of the above 2. If Velocity (V) is constant, a fall in the price level (P) means that 3. Hume‟s “specie - flow” principle states that if a country always exports more goods to other countries than it imports then: 4. Which of the following is certain to increase the “money multiplier”
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern