2. Which of the following is not true? a. Rates on bonds of different maturities move together b. When short-term rates are low, yield curves are more likely to be inverted c. Yield curves almost always slope upward d. Interest rate risk crucially determines the shape of the term structure of interest rates 3. Which of the following is not true? a. The 1933 Act focuses on the issuing of new securities. b. The 1934 Act deals with the issue of insider trading. c. The 1934 Act extends the disclosure requirements of the 1933 Act to securities trading in markets after they have been issued. d. The government regulates financial markets to protect the soundness of investment judgments made by investors.