The securitization of mortgages was first carried out by
A) Fannie Mae and Freddie Mac.
B) WorldCom and Enron.
C) the Federal Deposit Insurance Corporation (FDIC).
D) Sarbanes-Oxley.
A
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Why does the production possibilities frontier have a bowed out shape rather than being a straight line?
What will be an ideal response?
Which of the following would cause a consumer to purchase less of a good when the price of the good rises?
a. The income effect b. The substitution effect c. Both a and b d. Neither a nor b
Which one of the following will not cause the production possibilities curve to shift outward?
a. increased education b. the construction of a new factory c. more tractors becoming available to farmers d. All of the above cause the production possibilities curve to shift outward.
What can low-income countries do in order to increase the amount of loanable funds available to firms for investment projects such as new factories or improved technology?
A. provide savings incentives B. print more money C. increase the interest rate on borrowing D. all of the above