  We present the intrinsic spectral energy distribution (SED) of the NLS1
Arakelian 564, constructed with contemporaneous data obtained during a
multi-wavelength, multi-satellite observing campaign in 2000 and 2001. We
compare it with that of the NLS1 Ton S180 and with those obtained for BLS1s to
infer how the relative accretion rates vary among the Sy1 population. Although
the peak of the SED is not well constrained, most of the energy is emitted in
the 10-100 eV regime, constituting roughly half of the emitted energy in the
optical/X-ray ranges. This is consistent with a primary spectral component
peaking in the extreme UV/soft X-ray band, and disk-corona models, hence high
accretion rates. Indeed, we estimate that \dot{m}~1. We examine the emission
lines in its spectrum, and we constrain the physical properties of the
line-emitting gas through photoionization modeling. The line-emitting gas is
characterized by log n~11 and log U~0, and is stratified around log U~0. Our
estimate of the radius of the H\beta-emitting region ~10 \pm 2 lt-days is
consistent with the radius-luminosity relationships found for Sy1 galaxies. We
also find evidence for super-solar metallicity in this NLS1. We show that the
emission lines are not good diagnostics for the underlying SEDs and that the
absorption line studies offer a far more powerful tool to determine the
ionizing continuum of AGNs, especially if comparing the lower- and
higher-ionization lines.
