Fannie Mae and Freddie Mac:
a. Are government sponsored entities (GSE)
b. Have a mandate to develop a secondary market in U.S. mortgages.
c. Suffered severe economic losses and are now under conservatorship.
d. All of the above.
.D
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The argument first used to protect the U.S. steel industry from foreign competition over a century ago was the
a. diversity of industries argument b. antidumping argument c. national security argument d. retaliation argument e. infant industries argument
Suppose the cross-price elasticity of demand between peanut butter and jelly is -2.50 . This implies that a 20 percent increase in the price of peanut butter will cause the quantity of jelly purchased to
a. fall by 8 percent. b. fall by 50 percent. c. rise by 8 percent. d. rise by 50 percent.
The most common way to collect job information is _____.
A. interview incumbents B. ask incumbents to fill out a questionnaire C. ask supervisors to fill out a questionnaire D. the PAQ
An IAC (industrially advanced country) had a per capita income of $28,200 while a DVC (developing country) had a per capita income of $1,200. If both countries experience a per-capita-income growth of 2 percent, then their respective per-capita income levels will become:
A. $33,840 and $1,440 B. $28,764 and $1,224 C. $33,840 and $1,224 D. $28,764 and $1,440