A01 Midterm Exam Oct 12 Solutions

A01 Midterm Exam Oct 12 Solutions - ECON 305 A01 Midterm...

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ECON 305 A01 Midterm Exam Sopinka October 12, 2011 Duration: 50 minutes Name: _______________________ Student ID: ____________________________ Answer all questions on the exam paper. Make sure your responses are clear, complete and legible. The exam consists of 20 multiple choice questions and 3 short answer questions. The multiple choice questions are worth 1 mark each and the short answer questions are worth 10 marks. The exam is worth a total of 50 marks. Allocate your time accordingly. Multiple Choice [1 mark each] 1) D 2) C 3) B 4) D 5) B 6) C 7) B 8) C 9) A 10) B 11) B 12) C 13) A 14) D 15) D 16) B 17) A 18) D 19) D 20) B Short Answer 1. [10 marks] Suppose you are given the following data: Currency outside banks $ 6,000 Personal deposits at chartered banks $ 20,000 Non-personal demand and notice deposits at chartered banks $ 30,000 Deposits at other financial institutions (TMLs, CUCPs),
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Personal deposits at government-owned saving institutions, money market mutual funds and life insurance company
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This document was uploaded on 12/04/2011.

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A01 Midterm Exam Oct 12 Solutions - ECON 305 A01 Midterm...

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