Which of the following statements is false? a) beta differs from volatility b) the risk premium investors can earn by holding the market portfolio is the difference between the market portfolio's expected return and the risk-free interest rate. c) stocks in cyclical industries, in which revenues tend to vary greatly over the business cycle, are likely to be more sensitive to systematic risk and have higher betas than stocks in less sensitive industries. d) if we assume that the market portfolio (or the s& p 500) is efficient, then changes in the value of the market portfolio represent unsystematic shocks to the economy

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.