1. When analyzing a company's balance sheet, which of the following is NOT considered part of their equity capital?

a. Common Stock

b. Retained Earning

c. A 20 year bond Outstanding

d. Preferred Stock.

2. When a country's money supply increases by large amounts, it can expect:

a. Increasing inflation

b. Its foreign exchange rate will devalue somewhat

c. Domestic interest rates will fall initially, then possibly rise subsequently.

d. All of the above