Which one of the following is a familiar type of asset-backed security?
a. U.S. Treasury bonds
b. movie box-office receipts
c. shares of stock in corporations
d. securities backed by home mortgages
e. none of the above
d. securities backed by home mortgages
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Answer the following statement(s) true (T) or false (F)
1. In a perfect competition, profits continue indefinitely. 2. Patents allow firms to price their products below marginal costs. 3. The equilibrium price is the same whether a firm has a monopoly or is engaged in perfect competition. 4. Monopolists stop producing when price exceeds marginal cost. 5. Monopoly profits are inefficient.
A supply shock causes the long-run aggregate supply curve to shift left, decreasing the price level
Indicate whether the statement is true or false
The government safety net creates both an adverse selection problem and a moral hazard problem. Explain
What will be an ideal response?
Keynes's theory of the demand for money is consistent with ________ movements in ________
A) countercyclical; velocity B) procyclical; velocity C) countercyclical; expectations D) procyclical; expectations