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ECO 320 midterm exam Latest/ECO 320 midterm exam Latest

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ECO 320 midterm exam Latest/ECO 320 midterm exam Latest ECO 320 midterm exam Latest/ECO 320 midterm exam Latest ECO 320 midterm exam Latest/ECO 320 midterm exam Latest ECO 320 midterm exam Latest/ECO 320 midterm exam Latest ECO 320 midterm exam Latest/ECO 320 midterm exam Latest ECO 320 midter...

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  • April 13, 2022
  • 12
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
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ECO 320 midterm exam




Question 1

Which of the following is an example of a financial market?

A local coffeehouse where people regularly buy and sell financial instruments

A bank that only accepts deposits and issues loans

An electronic network used for buying and selling textbooks

A central bank used for raising taxes and borrowing on behalf of the government

Question 2

Identify which item is not one of the six parts of the financial system.

Financial markets

Central banks

Credit cards

Financial institutions

Question 3

"When an individual obtains a car loan and makes all of the regular monthly payments, the

sum of the payments made will exceed the purchase price of the car. This is due primarily to

the core principle:"

Risk requires compensation.

Information is the basis for decisions.

Markets determine prices and allocate resources.

Time has value.

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