Which of the following best describes the term "toxic assets" with respect to the mortgage crisis?
A. the small amount of government funds that was available to bail out mortgage banks
B. the cash reserve that insurers had to pay back the banks that purchased insurance from them
C. the value of assets that were used as securities against mortgages
D. the large number of home mortgages that exceeded the market value of homes
Answer: D
You might also like to view...
Overhauling housing policies and strengthening job-training programs would be considered
a. functionalist solutions to poverty. b. conflict solutions to poverty. c. symbolic interactionist solutions to poverty. d. feminist solutions to poverty.
One-hundred years ago, U.S. schools required attendance by everyone until age _____ or until they completed the _____ grade
a. 10; third b. 12; fifth c. 16; eighth d. 18; tenth
Which is not part of the definition of ethnic stratification?
A. the resources typically received by an ethnic subpopulation B. the location of members of an ethnic subpopulation in social hierarchies C. the distinctiveness of an ethnic subpopulation in terms of its resources D. All are part of the definition.
In Karl Marx's view, members of each class share their own:
A. dominant ideology. B. prestige rankings. C. distinctive culture. D. All of these answers are correct.