The mortgage default rate is
a. the percentage of home mortgage loans in which the borrower has failed to make the current monthly payment.
b. equal to the foreclosure rate.
c. the percentage of home mortgages in which the borrower is 90 days or more late with the payment or it is in the foreclosure process.
d. the percentage of home mortgages in which the borrower owes more than the home is worth.
C
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Why do people and firms in the United States supply dollars to the foreign exchange market?
What will be an ideal response?
The table above describes the market for paper. The production of paper produces pollution. There are no external benefits. What is the efficient amount of paper?
A) 10 tons per week B) 60 tons per week C) 40 tons per week D) 30 tons per week
Other things being equal, during a period when the federal government issues more Treasury securities to borrow funds
A) the flow of government expenditures during that period must exceed the flow of tax revenues. B) the flow of government expenditures during that period must exceed the stock of tax collections. C) the stock of government deficit spending during that period must exceed the flow of tax revenues. D) the stock of government deficit spending during that period must exceed the stock of tax collections.
Means tested government programs:
A. require recipients to undergo skills testing for benefits. B. define eligibility for benefits based on recipients' income. C. are as effective as unconditional cash transfers. D. are rarely used in the US.