The practice of packaging individual debts into a single uniform asset that can be easily bought and sold is called:
A. federally-backed financing.
B. bundled risk.
C. leveraging.
D. securitization.
Answer: D
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Retailers and other middlemen provide benefits to patrons
A) because people don't realize how much they could save by cutting out middlemen. B) but the middlemen benefit far more. C) by lowering the cost to their customers of acquiring valuable information. D) only because their customers are irrational.
What is a minimum wage and what are its effects if it is set above the equilibrium wage?
What will be an ideal response?
Refer to Scenario 2. The average fixed cost of 2 units of output is:
A) $8.00. B) $8.50. C) $12.00. D) $20.50.
A sales commission is charged for the purchase of
A) no-load mutual funds. B) load mutual funds. C) sinking mutual funds. D) syndicated funds.