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Past Exam for 220 301 - MONEY & BANKING at Rutgers (RU)

Exam Information

Material Type:Exam 1
Professor:Staff
Class:220 301 - MONEY & BANKING
Subject:ECONOMICS
University:Rutgers University
Term:Spring 2003
Keywords:
  • Direct Finance
  • Inexpensive
  • Hyperinflation
  • Unit of Account
  • Current Yield
  • American Consumers
  • Corporation
  • S Corporation
  • S-Corporation
  • Expected Rate
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Sample Document Text

Money and Banking 220:301:02 Instructor: Tibor Besedes Exam 1, February 24, 2003 Name_____________________________________ SSN:_____________________________________ Instructions: On the scantron, write your SSN under ID and FILL in the proper boxes. Write 001 for exam number and mark it accordingly. Mark A as the test form. Once you are done, turn in the scantron only. You can keep the exam itself. Please, mind your own work. Good luck! 1) The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental of $100 per year) is commonly referred to as the A) inflation rate. B) exchange rate. C) aggregate price level. D) interest rate. 2) In 1980 a Shetland sweater would have cost $120. With a stronger dollar, the same Shetland sweater would have cost A) $120, since the demand for Shetland sweaters will decrease to prevent an increase in price due to the stronger dollar. B) more than $120. C) $120, since the exchange rate does...

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