5-point question Given the following 4 scenarios:      1. A contract interest rate of 5.5% and the expected inflation rate was .5%. 2. A contract interest rate of 12% and the expected inflation rate was 4.5%. 3. A contract interest rate of 7.5% and the expected inflation rate was 6%. 4. A contract interest rate of 9% and the expected inflation rate was 5%. a) Indicate which ex ante scenario would have been best for the borrower and explain why it is best for the borrower. b) With an ex post actual inflation rate of 1%, indicate which scenario would have been best for society and explain why it is best for society of the four options.

5-point question List the factors that that determine a bank’s holdings of excess reserves. Explain how a change in each factor affects excess reserves, the money multiplier, and the money supply.

10-point question Given the following bank information (in millions of $):Demand Deposits =                            $4                                      Variable rate mortgage loans = $14Treasury bills =                                   $15                                      Fed Funds borrowing =                $4Money Market deposit accts. =       $14                                      Fixed rate CD’s =                          $16Fed Funds Lending =                         $5                                        Reserves =                                      $5              Treasury bonds =                              $10                                      Fixed rate loans =                         $21              Discount Loans =                               $2                                        Variable rate CD’s =                       $9              Savings deposits =                              $9                                        Equity Capital =                           $12A. Develop a balance sheet from the above data. Be sure to divide your balance sheet into rate-sensitive assets and liabilities as     we did in class and in the examples.B. Perform a Standard Gap Analysis and a Duration Analysis using the above data if you have a 1.15% increase in interest rates     and an average duration of assets of 8.2 years and an average duration of liabilities of 6.1 years.C. Determine the new level of equity capital.

5-point question Evaluate which of the following options would be your best investment based solely on the yield to maturity criterion. Option #1:  Purchase a $35,000 discount bond selling for $24,100 and maturing in 7 years. Option #2:  Purchase a $10,000 coupon bond with a 4.5% coupon rate selling for $10,350 and maturing in 7 years.

Part II: REQUIRED Monetary Aggregate Problem @ 24 points. Show all work for credit and carry all fractions to at least five decimal places. Work must be legible for credit. Select yes if you understand the instructions, and continue the exam.

A patient receiving PEP therapy through a mouthpiece at 15 cm H2O has minimal secretion production.  Auscultation reveals retained secretions.  The respiratory therapist should recommend which of the following?

A HME would best be used in which of the following situations? 1. Short term mechanical ventilation 2. Long term mechanical ventilation 3. Transport mechanical ventilation

While conducting oxygen rounds, you notice that there is no mist coming from the reservoir tubing on a Briggs T-adapter.  Which of the following would you do at this time?

A 18-year-old female with asthma was recently seen in the ER.  She stated that she has been having more issues since the winter weather started.  What should the respiratory therapist recommend to her to help alleviate her bronchospasms?

Which of the following is true of MDI administration? 1. A new canister should be primed 2. The actuator should be washed out daily with acetic acid and warm water mix 3. The addition of a valved holding chamber will decrease the amount of inhaled medication 4. Only beta-agonist can be delivered via MDI