1. The fundamental value of a stock varies
A) inversely with the time frame for which a stock is held.
B) directly with the rate of discount.
C) inversely with the growth rate of earnings on the stock.
D) directly with previous year's actual earnings on the stock.
2. The federal funds rate is the interest rate in the market for
A) mortgage loans.
B) federal agency securities.
C) loans of government securities.
D) loans of reserves between banks.