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351 winter 2011 final 3

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Unformatted text preview: UNIVERSITY OF TORONTO Faculty of Arts and Science APRIL 2011 EXAMINATIONS ECO351S Duration - 2 hours G. Georgopoulos Aids Allowed: Non-Programmable Calculators Answer All Questions Total Marks: 100 Please put your name and student number below Name: __________________________________________________ Student Number: _____________________________________________ PART 1. Multiple Choice. 30 MARKS (2 marks each). Choose the one alternative that best completes the statement or answers the question by clearly circling the correct letter option. ___________________________________ 1) The primary difference between the ʺpayoffʺ and the ʺpurchase and assumptionʺ methods of handling failed banks is A) that the CDIC is more likely to use the purchase and assumption method for small institutions because it will be easier to find a purchaser for them compared to large institutions. B) that the CDIC is more likely to use the ʺpayoffʺ method when the bank is large and it fears that depositor losses may spur business bankruptcies and other bank...
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