By 2006, 20 percent of the mortgage market consisted of:
A. subprime loans, while 80 percent were still regular prime mortgages.
B. prime loans, and an overwhelming 80 percent had become subprime mortgages.
C. securitized loans, and the rest were backed by the government.
D. individual mortgage loans, and an overwhelming 80 percent had become securitized loans.
A. subprime loans, while 80 percent were still regular prime mortgages.
You might also like to view...
Figure 4.3 illustrates the demand for tacos. Assume that tacos and burritos are substitutes. A decrease in the price of burritos would bring about a movement from
A) point a to point c. B) point c to point b. C) D2 to D0. D) D1 to D2.
List the drawbacks of the gold standard
What will be an ideal response?
Marginal revenue
a. Is the additional revenue incurred by selling one more unit b. Is the total revenue incurred by selling one more unit c. Is the total revenue incurred by selling all the firm's output d. Is the difference between total revenue and total costs
A country's balance of payments summarizes all economic transactions during a given period between residents of that country and residents of other countries
a. True b. False