1. The Sarbanes-Oxley Act of 2002

a. Group of answer choices

b. applies to issuers whose securities are traded on an over-the-counter bulletin board.

c. applies to all U.S. firms.

d. applies to listed companies.

e. all of the options

2. One implication of the Sarbanes-Oxley Act is that companies must appoint independent "financial experts" to their committees. Which of the major components is associated with this objective?

a. Executive responsibility

b. Internal control assessment

c. Accounting regulation

d. Audit committee

3. Suppose that your country officially defines gold as ten times more valuable than silver (i.e., the central bank stands ready to redeem the currency in gold and silver and the official price of gold is ten times the official price of silver). If the market price of gold is only eight times as much as silver,

a. the central bank will make money since they are overpricing gold.

b. the central bank could go broke if enough arbitrageurs attempt to take advantage of the pricing disparity, but will more likely make money since they are overpricing gold

c. the central bank could go broke if enough arbitrageurs attempt to take advantage of the pricing disparity.

d. none of the options.