QUESTION 14 Rating agencies are free from government regulation provide insights into the financial strength of a business or institution provide expectations surrounding future inflation and interest rates provide details of the liquidity risk for various debt and equity securities QUESTION 15 The Federal Open Market Committee has some members who are appointed by the president meets once a year to set interest rates is chaired by the U.S. Treasury Secretary votes on new laws and regulations for U.S. financial markets QUESTION 16 If you purchase a security with relatively low liquidity, you are observing one consequence of high credit risk the time to maturity of the security must be short you are making a bad investment you would demand a relatively high return QUESTION 17 The rick.free rate