Within the context of the housing market, what does MBS stand for?
a. Multi-Banking System
b. Mortgage Backed Security
c. Mortgage Bubble System
d. Mixed Bracket Securities
B
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Institutions that make loans to borrowers and obtain funds from savers are called
A) financial markets. B) financial intermediaries. C) financial conglomerates. D) financial branches.
The more elastic the demand curve, the smaller is the deadweight loss resulting from the imposition of a tax
a. True b. False Indicate whether the statement is true or false
According to the principle of asset valuation, the value of any asset is equal to
a. the sum of all the future benefits it generates b. the revenue it generates during its first year c. the sum of the present values of all the future net benefits it generates d. the ratio of its final year's benefits to its price e. the sum of all future benefits it generates minus its price
The federal funds rate is the interest rate
a. the Federal Reserve charges for loans it makes to the federal government. b. the Federal Reserve charges banks for short-term loans. c. banks charge each other for short-term loans of reserves. d. on newly issued one-year Treasury bonds.