Just a quick two cents here - in studying for the free response portion of the Advanced Placement Computer Science exam given in May, I have been attempting to learn and understand as many general and useful algorithims as possible. Mainly simple ones, as the AP Comp Sci exam isn't supposed to be that difficult, but I find that if you know a basic and general algorithim, you can usually adapt a certain portion of it to fit whatever you need.
in reply to Meditations on the Nature of Code Exams
Just thought I'd chime in, although I realize many have done so already - and good luck on your test!
Violence is a last resort of the incompetent - Salvor Hardin, Foundation by Issac Asimov