The online make-up exam will be given in Achieve, the same platform as your weekly homework assignments.  You will have 2 chances to answer each question.  The second attempt, if necessary, will be graded at 50%.  There are 25 questions and you have two hours to complete the exam.  You may use a periodic table, blank scratch paper and a calculator.  Do not use a cell phone, a graphing calculator, or tablet, etc.  You may not use notes, books or other websites during the exam.  Please click True to acknowledge that you understand and agree to these instructions.  

If the expected path of 1-year interest rates over the next five years is 2 percent, 4 percent, 1 percent, 4 percent, and 3 percent, the expectations theory predicts that the bond with the lowest interest rate today is the one with a maturity of

The link below will open up your exam in Achieve.  You must keep this Canvas page (with these directions) open while you take the exam in Achieve.  Then return here to answer the 4th and last question after you have completed the Achieve exam.  It is the only way to submit your work and end the proctoring session.   For any technical assistance during the exam, please contact Honorlock support through the live chat option available at the bottom right-hand corner of this page. 1.  Click True to agree to come back after the exam to submit your work 2.  Open and take the exam in Achieve:  https://achieve.macmillanlearning.com/courses/094f1601-9d2f-4d80-9aa2-dc73e39d9123/5/nxsr5k/tools/assessment/items/86a2b082-528f-40f5-a0b4-bb38ac396d96/assignments/5302419? 3.  Return to this Canvas page to answer question 4.

Open market sales shrink ________ thereby lowering ________.

In general, banks make profits by selling ________ liabilities and buying ________ assets.

As their relative riskiness ________, the expected return on corporate bonds ________ relative to the expected return on default-free bonds, everything else held constant.

In the TNB frame,

Asset transformation can be described as

Type only the answer in the box provided. Email a pdf of written work. Find the length of the curve

Both ________ and ________ are monetary liabilities of the Fed.