Government-sponsored enterprises like fannies me and Freddie Mac usually borrow at interest rates:
A. exceeding what private lenders pay.
B. that are slightly below the federal funds rate.
C. below what private lenders pay.
D. that are the same as private lenders since they are really a private lender.
Answer: C
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The formula used to determine how long it will take a country to double its real GDP is called
A) the nominal-to-real formula. B) the double-or-nothing formula. C) the expenditure multiplier. D) the rule of 70.
If the firm hires 5 workers, the average cost equals
a. $250 b. $50 c. $5 d. Need more information
As the interest rate increases, the opportunity cost of waiting to receive a future amount:
A. increases. B. remains the same. C. decreases. D. may rise or fall.
Your neighbor has just planted some fragrant flowers. The wonderful scent drifts into your room and makes you happy
A) This scent is an internal cost to you. B) This cannot be an externality since you are enjoying the scent. C) This is an externality since you get a benefit from your neighbor's flowers. D) The social cost of this activity is entirely borne by you neighbor.