Mortgage-backed securities are financial instruments:
A. that are highly risky.
B. that are extremely safe.
C. that are highly leveraged, but which offer high returns.
D. whose value depends on the value of mortgages.
Answer: D
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In 2014, remittances was over:
A. $60 Billion. B. $500 Million. C. $590 Billion. D. $1 Trillion.
Suppose the cost of flying a 100-seat plane for an airline is $50,000 and there are 10 empty seats on a flight. The average cost per seat is
a. $50. b. $500. c. $50,000. d. This cannot be determined from the information given.
Duopoly pricing, grim-trigger strategy, and tit-for-tat all promote cartel pricing by:
A. penalizing the underpricer. B. making underpricing impossible. C. increasing the chance of an underpricer being caught by the rest of the cartel. D. making entry impossible.
A pilot for a private jet stops for refueling in Omaha, Nebraska. Topper Fuels offers him a case of French wine to refuel with them (a total retail value of $324 to the pilot). For refueling, inspections, and minor repairs, Topper charges $2,700, $400 more than the least expensive fuel company. What has happened to the company that owns the private jet?
What will be an ideal response?