Please check to make sure you have 10 pages in your copy of the exam and answer each question in the space provided. You may consult one page of notes and a calculator. I understand that the honor code applies: I will not lie, cheat, or steal to gain an academic advantage, or tolerate those who do.
Each of the 11 questions on the exam is worth 10 points. You get 2 points for following these instructions.
For the numerical and multiple choice questions (questions 1 to 9), please enter your final answer on the answer summary sheet (p.2). There will be partial credit awarded for every question, if some work is correct. To receive partial credit, you must show your work in the space provided after each question – not on the answer summary sheet.
Write legibly and only in the space provided. You can use the backs of pages for scratch paper, but that work may not be graded.
For questions 10 and 11, there is a length limit, expressed in sentences. I will read the first 2 sentences. Run-on sentences will be counted as 2 or more sentences. You may use graphs to support your argument. The point is, be brief. I am looking for one answer or one reason. Mentioning extra things that are wrong can hurt your score. Part of the challenge here is to provide a short, precise answer.
PLEASE TURN OFF ALL NOISE-MAKING DEVICES!
Answer Summary Sheet
1. Circle one: a b c d e
2. Circle one: a b c d e
3. Circle one: a b c d e
4. Yen/ Rinngit should (circle one): Rise Fall
by ___________ % per year
5. Circle one: a b c d e f
6. Circle one: a b c d e f
7. The real exchange rate is _____________________
in ________________ baskets