28.A interest rate is denominated in units of some currency,whereas a interest rate is denominated in units of some commodity or"basket"of goods and services. (a)real,nominal (b)real,treasury (c)nominal,real (d)treasury,real Answer:(c) 29 are firms whose primary function is to help businesses,governments,and other entities raise funds to finance their activities by issuing securities. (a)Closed-end funds (b)Investment banks (c)Asset management funds (d)Open-end funds Answer:(b) 30.Currently,you have $24,000 in a bank account earning an interest rate of 4%per year.At the same time you have an unpaid balance on your credit card of $12,000 on which you are paying an interest rate of 18%per year.If the time frame is one year,the arbitrage opportunity you face is: (a)$2,160 (b)$1,200 (c)$480 (d$1,680 Answer:(d) 31.In the United States,the establishes the precise disclosure requirements that must be satisfied for a public offering of securities. (a)Financial Accounting Standards Board (b)World Bank (c)Federal Reserve (d)Securities and Exchange Commission Answer:(d) 2-82-8 28. A ________ interest rate is denominated in units of some currency, whereas a ________ interest rate is denominated in units of some commodity or “basket” of goods and services. (a) real, nominal (b) real, treasury (c) nominal, real (d) treasury, real Answer: (c) 29. ________ are firms whose primary function is to help businesses, governments, and other entities raise funds to finance their activities by issuing securities. (a) Closed-end funds (b) Investment banks (c) Asset management funds (d) Open-end funds Answer: (b) 30. Currently, you have $24,000 in a bank account earning an interest rate of 4% per year. At the same time you have an unpaid balance on your credit card of $12,000 on which you are paying an interest rate of 18% per year. If the time frame is one year, the arbitrage opportunity you face is: (a) $2,160 (b) $1,200 (c) $480 (d) $1,680 Answer: (d) 31. In the United States, the ________ establishes the precise disclosure requirements that must be satisfied for a public offering of securities. (a) Financial Accounting Standards Board (b) World Bank (c) Federal Reserve (d) Securities and Exchange Commission Answer: (d)