In the financial industry, "securitization" refers to:
A. increasing insurance protection on bank deposits.
B. requiring greater down payments on home purchases to reduce mortgage default risk.
C. bundling groups of loans, bonds, mortgages, and other financial debts into new securities.
D. increasing collateral requirements on loans.
C. bundling groups of loans, bonds, mortgages, and other financial debts into new securities.
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A leftward shift of the European demand curve for foreign exchange will
a. decrease the price of foreign exchange in Europe b. increase the price of foreign exchange in Europe c. decrease the value of the euro d. make foreign goods more expensive in terms of euros e. make European goods less expensive in terms of foreign exchange
If an economy is operating at a point outside the PPC, either the society has resources that are not being fully used or production is not efficient
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
A) MSB = MB + Marginal external benefit. B) MB = Marginal external benefit - MSB. C) MB = Marginal external benefit + MSC. D) MSB = Marginal external cost - marginal external benefit. E) MSB = MB + Marginal external benefit - Marginal external cost.
Which of the following statements is true?
A) The U. S. economy would gain from the elimination of its tariffs but not from the elimination of its quotas. B) The U.S. economy would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas. C) Economic efficiency would be increased if the United States eliminated all of its trade restrictions, but only if all other countries eliminated their trade restrictions too. D) Eliminating its tariffs and quotas unilaterally would not benefit the United States because this would remove the leverage it would have to persuade other countries to eliminate their trade restrictions.