Trading in collateralized mortgage obligations (CMOs) takes place in the __________ market between __________
A) primary; specialists
B) organized exchange; dealers
C) over-the-counter; dealers
D) primary; Ginnie Mae and Freddie Mac
C
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If the interest rate is r (expressed as a decimal number), the present value today of $1 to be received n years from today equals ____.
A. $1rn B. $1(1 + r)n C. $1/(1 + r)n D. $1/(1 + n)r
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.
Generally, we calculate elasticity as the
A. percentage change in price divided by the percentage change in quantity demanded/ supplied
b. percentage change in quantity demanded/ supplied divided by the change in price
c. percentage change in quantity demanded/ supplied divided by the percentage change in price
d. change in quantity demanded/ supplied divided by the change in price
A. the economy achieves its potential output
A. 15 percent. B. 33 percent. C. 25 percent. D. 40 percent.