By the 2000s, an important market change occurred when investment banks became significant participants in the secondary market for
A) mortgages.
B) Treasury securities.
C) corporate bonds.
D) currency.
Answer: A
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In this type of arrangement, any balances above a certain amount in a corporation's checking account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest
This innovation is referred to as a A) sweep account. B) share draft account. C) removed-repo account. D) stockman account.
Most macroeconomic policy consists of:
A) monetary policy B) fiscal policy C) exchange-rate policy D) regulatory policy
The way in which a country benefits from trade is that it can
A. obtain goods at lower opportunity cost than producing them itself. B. exploit economies of scale in production and lower the cost of goods it produces. C. obtain a wider range of goods than it can produce for itself. D. All of the above are benefits.
The primary legislative branch of the European Union is called the
A) European Commission. B) European Parliament. C) European Council of Ministers. D) Council of the European Union.