Because of securitization, a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed. These mortgages are known as
A) risk-enhanced mortgages.
B) subprime mortgages.
C) bundled mortgages.
D) adjustable-rate mortgages.
B
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Suppose the following information describes the economy:Government purchases of goods and services1,000Household saving2,000Government transfers and interest payments500Tax collections1,500Business saving2,500Private saving equals ________; public saving equals ________; national saving equals ________.
A. 500; -1,500 B. 4,500; 0 C. 4,500; 1,000 D. 1,000; 1,000
A chief purpose of long-term contracts is to improve agents'
A) information. B) incentives. C) control over principals. D) security.
On what assumption is the idea of Rawlsian justice based? Explain
What will be an ideal response?
The price-taker firm should discontinue production immediately if:
a. the market price exceeds the firm's average total costs. b. the market price is less than the firm's average variable costs. c. the market price is less than the firm's average total costs, but greater than its average variable cost. d. its accounting statement indicates that it is suffering losses.