...1 of 9 Economics 310 Money and Banking Practice Midterm Exam Winter 2008 The actual midterm will involve only 25 multiple choice questions, to be completed in 80 minutes. No calculators, no cell phones, no personal digital media players or any other electronic equipment should be visible or in use during the exam. Each question will score 4 points if correct, 1 point if unanswered and 0 points if incorrect. This means that your final exam score will lie between 0 and 100, but that you can score 25 points simply by turning in a blank exam. It also means that a complete guess will score 4 points with probability ¼ and 0 points with probability ¾. On average, such a guess will score 1 point, which is exactly what you would get if you didn’t bother answering in the first place. 2 of 9 1. Which of the following is not commonly identified as a role of money? (a) (b) (c) (d) Money is a store of value Money is a unit of account Money avoids the need for a double coincidence of wants. Money counters the effects of Gresham’s Law. 2. Suppose the Fed looks to make an open market sale to the banking sector of $1 million worth of securities. If you were to trace the effects of this through the T-accounts for the Fed, the banking sector as a whole and the general public, which of the following would you observe? (a) (b) (c) (d) Bank reserves held at the Fed would increase by $1m. Bank reserves held at the Fed would decrease by more than $1m. Money supply would fall by more than...
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...decision making by identifying, maintaining, and evaluating information,as well as recommending actions. * Legal environment * Entity structure Investment banking is concerned with the primary function of assisting the capital market in its function of capital market intermediation, i.e. the movement of financial resources from those who have them means investors, to those who need to make use of them means issuer for generating profit. Therefore, it can be inferred that investment banks are those institutions that are the counterparts of banks in the capital market in the function of intermediation in resources allocation. Investment banks carried on carious activities it helps companies and governments and their agencies to raise money by issuing and selling securities in the primary market. They assist public and private corporations in raising funds in the capital markets both equity and debt, as well as in providing strategic advisory services for expansion acquisitions, mergers and other types of financial transactions. Investment banks are organized into three categories: front office, middle office and back office. Front office helps customers raise funds in the capital markets and advise on mergers and...
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...University 01/2010 – Present Director Assistant, Canadian Chamber of Commerce in Shanghai 06/2009 – 08/2009 • Designed 2010 Expo Guide for Canadians in Shanghai. • Coordinated events on Canada’s Day and assisted Administrative Director with related projects • Located and entered data into several databases; made phone calls, and ensured timely mail processing. • Assisted administrative team members with clerical function. Dining Service Associate, University of Minnesota – Twin Cities 09/2009 – 12/2009 • Maintained inventory of standard dining service supplies and assists manager coordinate attendants. Member, Actuarial Club in University of Minnesota – Twin Cities 01/2009 – 12/2009 • Arranged the preparation of Casualty Actuarial Society (CAS) exam Volunteer, Students Today Leaders Forever 03/2009 – 12/2009 • Assisted the donation of food to Minnesotans at risk of hunger. Volunteer, in school for the Mute and the Deaf in Zhoushan, Zhejiang Province 2006 – 2009 • Taught disabled students Mandarin. Policy-analyst, Model United Nation in Shanghai K.J. Senior High School 2006 – 2008 • Analyzed UN policies for Model UN conferences HONORS/ AWARDS Honor Program, Awarded by Associate Dean of University of Minnesota – Twin Cities Global Excellent Scholarship, Awarded by University of Minnesota – Twin Cities Dean's List, Awarded by University of Minnesota – Twin Cities st th 1 prize, World 20 Odyssey of Mind Competition in China Area 09/2008 – 12/2009 09/2008 – 12/2009 Fall 2008, Fall 2009...
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...Pakistan State Bank of Pakistan State Bank of Pakistan To be filled in by the remitter Amount Amount To be filled in by the Departmental Officer or the Treasury To be filled in by the remitter By whom tendered Name / designation & Address on whose behalf money is paid To be filled in by the Departmental Officer or the Treasury To be filled in by the remitter By whom tendered Particulars of the remittance & authority Name / designation & Address on whose behalf money is paid To be filled in by the Departmental Officer or the Treasury To be filled in by the remitter Particulars of the remittance & authority To be filled in by the Departmental Officer or the Treasury Amount By whom tendered Name / designation & Address on whose behalf money is paid By whom tendered Particulars of the remittance & authority Name / designation & Address on whose behalf money is paid Head of Accounts Particulars of the remittance & authority Head of Accounts Head of Accounts Amount FEE FEE FEE Name of Candidate: Name of Candidate: Name of Candidate: Rs. Rs. Rs. Name of Candidate: FEE (Signature & Stamp of Officer ordering the money...
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...post of //20 -R Name (or designation) & address of the person on whose behalf money is paid Full particulars of the remittance and of authority (if any) Rs. only) (Rupees only) Amount Head of Account By whom tendered Important Bank details must be filled by the candidate Signature Treasury Officer/ Bank Officer With Stamp C 02101 – Organs of State – Exam Fee Realized by FPSC Date Bank’s Name Bank’s Code District of Bank Branch Name of Candidate 5 CNIC No. By whom tendered Secretary, Federal Public Service Commission, Islamabad Case No. F.4Examination Fee for the post of //20 -R Name (or designation) & address of the person on whose behalf money is paid Full particulars of the remittance and of authority (if any) Signature Treasury Officer/ Bank Officer With Stamp only) Date Signature Treasury Officer/ Bank Officer With Stamp Date Signature Treasury Officer/ Bank Officer With Stamp (in words) Rupees only) (in words) Rupees only) For Bank use only Received payment Rs. /Rs. For Bank use only Received payment Rs. /Rs. (Rupees Bank’s Name Bank’s Code District of Bank Branch Name of Candidate By whom tendered CNIC No. Secretary, Federal Public Service Commission, Islamabad Case No. F.4Examination Fee for the post of /20 -R Name (or designation) & address of the person on whose behalf money is paid Full particulars of the remittance and of authority (if any) Rs. (Rupees only) C 02101 – Organs of State – Exam Fee Realized by FPSC Amount Head of Account Bank’s Name Bank’s Code District...
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...plagiarism or cheating of any kind, use of books, notes, mathematical tables, dictionaries or other study aid unless an explicit written note to the contrary appears on the exam, to have in his/her possession cameras, radios (radios with head sets), tape recorders, pagers, cell phones, or any other communication device which has NOT been previously authorized in writing. Statement to be signed by the student: I have read the text on academic integrity and I pledge NOT to have committed or attempted to commit academic fraud in this examination. Signed:______________________________________ Note: an examination copy or booklet without that signed statement will NOT be graded and will receive a midterm exam grade of ZERO. General Instructions: 1. 2. 3. 4. 5. 6. 7. 8. Please SIGN the academic integrity statement above. Please put your Name and Student ID# on ALL SEVEN pages of this exam. This is an open book and open notes exam. Notes are any handwritten or printed materials, including but NOT limited to, previous assignments, quizzes, and exams plus their solution sets. The use of scientific and financial calculators is encouraged. Laptop computers or any other devices that can be used for communication are NOT permitted. Please do NOT take apart the pages of this exam. You have 1 hour and 10 minutes to work this exam. Good Luck! ADM 2350B October 2, 2013 2 Name _____________________________ Student...
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...6 Factors That Influence Exchange Rates Изображение Стр. 1 Home Videos Dictionary Acronyms Bonds Buzzwords FOREX Mutual Funds Options & Futures Retirement Stocks Taxes Tech Analysis Trading Articles Stock Analysis Special Features Investing Basics Stocks Mutual Funds FOREX ETFs Active Trading Bonds Financial Theory Fundamental Analysis Options & Futures Personal Finance Real Estate & Mortgages Retirement FAQs View All Tutorials Special Features Beginners Experienced Investors Active Traders Retirement Exam Prep Quizzes CFA Level I CFA Level II CFA Level III Series 6 Series 7 Series 26 Series 63 Series 65 Series 66 CSC More Exams... FXtrader Home Trade Now Challenges Login Simulator Home My Portfolio Trade Stock Games Resources http://www.investopedia.com/articles/basics/04/050704.asp 05.03.2011 1:09:20 6 Factors That Influence Exchange Rates Login Financial Edge Free Tools Stock Ideas Free Annual Reports Guides and Books Learn About Futures Mortgage Offers Financial Calculators Стр. 2 .omestopediaи е Страница, размещенная в публичном Интернет, запрашивает данные из вашей частной локальной сети. По соображениям безопасности автоматический доступ будет заблокирован, но вы можете его разрешить. Продолжить Всегда продолжать при запросе данных с данного сервера в мою закрытую локальную сеть enter keywords enter symbol Get Quote Предупреждени е Страница, размещенная в публичном Интернет, запрашивает данные из вашей частной локальной сети. По соображениям...
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...501 Final Exam (Exam 4) 1. Differentiate between the Federal deficit and the Federal debt. The Federal deficit is an annual concept referring to the shortfall between Federal revenues and expenditures in one year’s budget. The Federal debt is the accumulation of borrowing which results from the series of deficits minus any surpluses. 2. Adam Smith once wrote: “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.” Evaluate in terms of the national debt. This is an example of the fallacy of composition. What is true for the individual is not necessarily true for governments when it comes to borrowing. Government can refinance its debt. The government, unlike individuals, also has the power to tax. 3. Crowding out can weaken the effect of an expansionary fiscal deficit. Explain. If public borrowing to finance the public deficit crowds out private borrowing and spending that would have increased aggregate demand, then the effect of government spending has been lessened. In other words, some of that spending would have taken place anyway as a result of private borrowing which has been crowded out. 4. What are the two reasons that people want to hold money? In other words, what are the two types of demand for money? People want to hold money for transactions purposes and as a form of liquid assets. Thus, economists talk about a transactions demand for money and an asset demand for money. 5...
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...March 2014 Commercial Law Midterm Uzair J. Kayani 1 COMMERCIAL LAW Midterm Exam (Take Home), Spring 2014 Instructions: The first question is worth 50 points. Each remaining question is worth 10 points The exam is open-book, open-notes. You should not need to consult anything other than the reader. Exams are Due at 11:59 pm on Friday, 21 March 2014. Email exams to ukayani@gmail.com . CC the TAs. Good luck! 1. Zunaiza, Abeez, and Ramta pool their money to buy four tons of orange seeds from Rasta industries. They plan to plant a jointly owned property on Bedian Road that they purchased several years ago. They hope to eat the oranges grown on this property and sell the surplus at Khalis Food Market. The seeds will cost PKR 200,000. Zunaiza opens a bank account under the name “ZAR” (the first initials of each person’s name) and tells Abeez and Ramta to deposit money into it. Abeez and Ramta agree verbally to give Zunaiza PKR 50,000 each. Zunaiza puts PKR 100,000 of her own money into the ZAR account. The next day, all three visit Rasta industries and tell Kuzamata, a secretary at the company, that they will be placing an order for four tons of seeds within the next month.Two weeks later, Abeez gives Zunaiza a promissory note for PKR 50,000. Zunaiza deposits PKR 50,000 more of her own money into the ZAR account and holds onto the promissory note. She asks Abeez when Ramta will pay. Zunaiza is an intimidating questioner and starts yelling when Abeez...
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...I am a 33 year old white guy and have been working in Clinical Research for 7 years in SC. I have been an Alliance Member for a little over a year now, and it was the best money I have ever spent. A couple years ago I had been struggling with life and dosed some LSD with a friend so I could contemplate my worries from a more spiritual perspective. Heading home early the next morning, coming down from my trip and listing to Sirius radio I heard a 10 second blurb "End of America.com". I was a Democrat with zero interest or knowledge of finance with Bill Mahr as my main source of political 'information', but was captivated by the provocative website domain. I watched the video as soon as I got home and bought the Stansberry Digest immediately afterwards. I have a degree in Applied Mathematics and have always been good with numbers. I was a young American guy hypnotized by the country's pretentious sense of entitlement to live the American Dream, but I was forever changed by the insurmountable evidence of the irresponsible financial policies, corrupt political practices, and historical warnings hiding in in the daze of the average American's prideful ignorance. Porter, thank you for inspiring me to learn about such important issues and to motivate me to be part of solution. I love the Black Label shows, and definitely think that our society is overly concerned about political correctness. I have also seen many examples of fundamentalist people that are bat-shit crazy and usually...
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...Karim Chelouati GEOG 4082 Exam 2 Growing debt vs. Dollar Hegemony The economic strength that the U.S achieved to reach Dollar hegemony has led us to gradually veer off into increasing the country’s current account deficits and large debt. It is becoming clear that the current massive U.S debt is directly connected to the Dollar’s hegemony and directly tied to the development of the financialization in the U.S. As a reserve currency fulfills world needs and has the function of a domestic currency, the favored country can build up debt for an extended period of time on a scale that would destroy any other country's currency. But this advantage has two sides to it. The dollar hegemony has allowed the U.S economy to decline quietly under the radars due to its ability to print money freely, which in turn has allowed the U.S fiscal and trade deficit to climb steeply in the past decade at an alarming rate. Globalization with the Dollar dominance took part in undermining the U.S manufacturing power and shifting America’s economy into a financialized direction. The dollar is held so massively in the world by so many countries in the world that it gives the U.S a great leverage to print more money without worrying about inflation as much as another nation engaging the same behavior. But lately the massive printing and lack of investment venues associated to all those dollars has been catching up and draining our possibility financialization...
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... Letter Writing, Paragraph Writing, Precise Writing Essays: Write an essay on any one of the following topics in approximately 250 words. * Women Entrepreneurs in India. * Importance of Investment. * Essay on SME. * Banks play a vital role in day to day life. * Entrance Exam – An evil. * Pros n cons of winning lottery. * Women Bill. * Women security at the workplace a deep concern. * Inclusive growth. * Cottage Industries. * Socialism. * Blessings of science. * Dowry deaths. * My Motherland. * Banks are manufacture of money. * Features of economic recession. * A day when everything went wrong. * The risks of trading at the stock market. * The impact of interest rate changes on the economy. * Responsibility of media in moulding public opinion. Letter Writing: Write a Letter in about 150 words on any one of the following: * Letter to your sibling advising him/her to prepare for a competitive exam. * Writing a job offer acceptance letter for the post of Assistant Manager. * Complaint to CEO regarding the extra work in office. * Letter to sibling for telling benefits for future of money saving. * Letter to bank manager requesting to extend the joining period as you have received the offer letter for the bank job. * Write a letter to the Editor, the Hindu, expressing your deep concern on the impact of adult graded cinemas on young minds. * Write a letter to your manager...
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...English Exam Après l'impressionnant mouvement d'opposition aux draconiens projets de loi anti-partage SOPA et PIPA, en discussion aux États-Unis, le Parlement européen entame ses travaux sur leur équivalent international : ACTA, l'accord commercial anti-contrefaçon. Les citoyens de toute l'Europe doivent lutter contre cet accord illégitime, voué à remettre en cause la liberté d'expression en ligne, ainsi que l'accès à la connaissance et l'innovation au niveau mondial. to be at a crossroads: to be in a situation where there is a choice to be made between very different options. to be middle of the road: to have opinions or a style that is not extreme and will appeal to many people. on the road to (somewhere): moving towards a particular outcome. to hit the road: to leave somewhere and begin a journey. a roadmap: plan d’action, plan détaillé. Sometimes, the roadmap you set in mind is being changed by some influences when you seems to be at a crossroads. jargon: special words and phrases that are used and understood by people who work in a particular job but are often confusing for others journalese: a style of language used by journalists slang: very informal words and expressions used in everyday situations on the line: that's somebody on a telephone on the ground: that's at the location of the news story news to hand: that means a story which we've just found out about. joining us live: that's an interview which is in real time, not pre-recorded ...
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...It is known that college athletes are paid, however the amount is highly speculated. Many individuals believe that these athletes are paid tremendous amounts, however, “the compensation payable to a college athlete is limited by the NCAA to a scholarship that includes tuition, books, room and board, and a nominal expense allowance” (460). Athletes generate a large sum of money for their universities since they provide entertainment and attract large crowds. Therefore, college athletes are incredibly underpaid. If the competitive marketplace system was applied, less money would go to the colleges and universities, while more money went to the actual athlete. This would be a more reasonable way to distribute sport-generated money. In the literary piece, Why Not a Football Degree?, Shugart exposes many problems within college athletics and offers solutions to them, such as: offering sport majors, extending the scholarship length, and providing alternative ways to distribute compensation. The author clearly explains his points by providing ample detail and using a commonly known problem. In proposal essays, issues are clarified, sometimes analyzed, and many solutions are given in an attempt to efficiently fix the problems. If the problem is corrected using one of the solutions provided, then...
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...Exam Study Chapter 3-What is Money * Medium of Exchange: * Eliminates the trouble of finding a double coincidence of needs (reduces transaction costs) * Promotes specialization * A medium of exchange must * be easily standardized * be widely accepted * be divisible * be easy to carry * not deteriorate quickly * Unit of Account: * used to measure value in the economy * reduces transaction costs * Store of Value: * used to save purchasing power over time. * other assets also serve this function * Money is the most liquid of all assets but loses value during inflation * M1 (most liquid assets) = currency + traveler’s checks + demand deposits + other checkable deposits. * M2 (adds to M1 other assets that are not so liquid) = M1 + small denomination time deposits + savings deposits and money market deposit accounts + money market mutual fund shares. Chapter 4- Interest Rates Four types of credit market instruments * Simple Loan-pv= fv/(1+i)1 * Fixed Payment Loan-same cash flow every period throughout the life of the loan * Coupon Bond-add the fv at the end * Discount Bond- ytm>coupon ROR vs Interest Rate * The return equals the yield to maturity only if the holding period equals the time to maturity * A rise in interest rates is associated with a fall in bond prices, resulting in a capital loss if time to maturity is longer than...
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