Econ 102 – Summer 2012 Exam 2 – Professor KellyEcon 102 – Summer 2012 Exam 2 – Professor Kelly
On this exam you should write any verbal answer using standard English grammar: that is, please write in complete sentences
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Instructor: Chao Wei Provide a brief and concise answer to each question. There are 25 points on this examInstructor: Chao Wei Provide a brief and concise answer to each question. There are 25 points on this exam
Points Prepare the balance sheet of a bank that has $20 million in reserves, $40 million in securities, $140 million in loans, $150 million in deposits, and $50 million in equity capital
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Section I time—55 minutes 80 Questions DirectionsSection I time—55 minutes 80 Questions Directions
Directions: Each of the questions or incomplete statements below is followed by five suggested answers or completions. Select the one that is best in each case
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The Middle Passage refers toThe Middle Passage refers to
The transportation of Arfrican slaves across the Atlantic to the Americas and the West Indies
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Balance of payments suggested answers and solutions to end-of-chapterBalance of payments suggested answers and solutions to end-of-chapter
Answer: The balance of payments (bop) can be defined as the statistical record of a country’s
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