31. Other things the same, bonds are likely to have higher interest rates if they have a. tax exemptions and short terms. b. tax exemptions and long terms. C. no tax exemptions and short terms. d. no tax exemptions and long terms. 32. By definition, equity finance a. is accomplished when units of government sell bonds. b. is accomplished when firms sell bonds. c. is accomplished when firms sell shares of stock. d. involves "fair" interest rates or dividend yields. 33. Which of the following is included in the demand for loanable funds? a. investment and government borrowing b. investment but not government borrowing c. government borrowing but not investment d. neither government borrowing nor investment