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1. Please define below terms and explain shortly in one paragraph (Each one 5 points). a. Taylor Rule b. Open Market Operations (OMOS) c. Reserve

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1. Please define below terms and explain shortly in one paragraph (Each one 5 points). a. Taylor Rule b. Open Market Operations (OMOS) c. Reserve Option Mechanism d. Interest Rate Corridor e. Sovereign Risk 2. Please summarize and give spesific details of regulatory structure of the financial system in Turkey. (25 points) 3. Would you evaluate the changes in exchange rates and interest rates in line with recent developments in our country? (25 points) 4. You are planning to purchase a house using a mortgage loan where the payments are to be made monthly. The bank offers you a 30-year mortgage loan with a 20% down payment requirement at an interest rate of 0.33% per month. The price of the house is $400,000. What will the amount of each monthly payment be? (25 points) (No need to show any calculation. Only the result will be graded.)

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