Orel's credit card has an apr of 12.15% and a grace period of 16 days, and orel pays his balance in full every month. if his last billing cycle ended on june 24, 2009, and he made his payment on july 13, 2009, did he owe any interest on his last statement's balance? a. yes, because he didn't pay within the grace period. b. no, because he didn't pay within the grace period. c. no, because he paid within the grace period. d. yes, because he paid within the grace period.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.