Bank regulations:

a. can prevent bank failures.

b. can eliminate economic risk for banks.

c. serve as guidelines for sound operating policies.

d. guarantee bankers will make sound management decisions.

e. guarantee bankers act in an ethical manner.

For the same change in interest rates a holder of a non-callable bond will realize:

a. a greater capital gain when rates rise than capital loss when rates fall

b. a greater capital gain when rates fall than capital loss when rates rise

c. a greater capital loss when rates rise than capital gain when rates fall

d. a greater capital loss when rates fall than capital gain when rates rise

e. the same capital gain or loss when rates rise or fall