Example Midterm_rsm230_Solns_W2010

Example Midterm_rsm230_Solns_W2010 - Rotman Commerce RSM...

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Rotman Commerce RSM 230 – Mid Term Exam February 22, 2010 INSTRUCTIONS: SOLUTIONS You have 90 minutes for this exam. Part A: Complete your Scantron and use it to answer Part A of this exam. Part B: Answer on this paper in the space provided. All cell phones and portable electronic devices must be turned off. This is a closed book exam. No formula sheet is allowed. Non-programmable calculators are permitted. Please remain in your seats during the last 15 minutes of the exam period so you do not disturb others. PLEASE SUPPLY THE FOLLOWING INFORMATION: Student #__________________ Student Name___________________ Circle your Instructor’s Name: Will Huggins Maureen Stapleton For Ms. Stapleton’s sections indicate your class time: Monday 8-10am ___ Wednesday 1-3pm ___ Monday 10-12 ___ Wednesday 3-6pm ___ PLEASE check that you have filled in your SCANTRON sheet correctly in PENCIL: 1) Write in and bubble your student ID number (one entry per column) as well as your Last Name and Initials . Hyphenated last names should be bubbled in without spaces or dashes. 2) Do not make any marks outside the shaded area This exam paper has 10 pages including the cover page.
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PART A – Multiple choice questions. (75% of total grade) Please answer in pencil on the Scantron provided. All questions have equal weight. There is only ONE correct answer for each question. Each question is worth 3%. 1. 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 2. Primary markets involve _____; while secondary markets involve_____. a) The sale of securities; the sale of derivatives b) The sale of new securities to investors; trading of previously issued securities among investors c) The sale of securities of large corporations on a stock exchange; the sale of the securities of smaller companies on a stock exchange d) Trading of securities on a stock exchange; trading of securities OTC. 3. Which of the following statements is NOT true? 4. Barter economies require: a) The use of fiat money b) Interest-free loans c) A double coincidence of wants d) The use of commodity money e) Money to serve as a store of value but not as a medium of exchange
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