29. Higher inflation than was expected back at the time that a loan is arranged is your friend when you are the

a) lender

b) borrower

30. Suppose you invest money in a bank and are promised a 5% annual return. The inflation rate for the year turns out to be 4%. Your real return is

a) 1%

b) -1%

c) 9%

d) -9%

31. Members of a corporations board of directors are elected by a vote of

a) shareholders

b) corporate officers

c) employees

32. Which of the following is NOT a large cap index?

a) S&P Completion Index

b) Dow Jones Industrial Average

c) S&P 500