The share of new loans with a down payment of 5 percent or less extended by Freddie Mac and Fannie Mae
a. declined substantially after 1999.
b. rose from 4 percent in 1998 to 12 percent in 2003 and 23 percent in 2007.
c. rose from 4 percent in 1998 to 23 percent in 2002, but declined to less than 10 percent in 2007.
d. never exceeded 10 percent of the new loans financed.
B
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You own shares in a well-managed and diversified company. If a booming economy decreases investors' concerns about market risk, then the price of your shares will ________, holding other factors constant.
A. decrease. B. not change. C. increase. D. either increase or decrease.
Kevin has lost his job in an automobile plant because the company switched to robots for its welding step in the assembly line. Kevin plans to go to technical school to learn how to repair microcomputers. The type of unemployment Kevin is faced with is
A. frictional. B. structural. C. cyclical. D. natural.
Suppose on any given day there is an excess supply of reserves in the federal funds market
If the Federal Reserve wishes to keep the federal funds rate at its current level, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant. A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
Which of the following combinations is plausible for a nation's balance of payments? (All numbers in billions.)
A. current account = -40, financial account = -40 B. current account = -50, financial account = -50 C. current account = 10, financial account = 0 D. current account = 50, financial account = -50