The secondary mortgage market is the market
a. designated specifically for prime and other low risk mortgages.
b. designated specifically for sub-prime and other high risk mortgages.
c. where mortgages originated by a lender are sold to another financial institution.
d. where home purchasers borrow funds from mortgage originators.
C
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In the IS-LM model, the fiscal multiplier effect can be increased by
A) larger increases in government expenditure. B) expansions of the money supply. C) contractions of the money supply. D) raising the income tax rate.
If you believe the stock market is informationally efficient, then it is a waste of time to engage in fundamental analysis
a. True b. False Indicate whether the statement is true or false
The slope of a curved line differs from that of a straight line in that
A. the numerical value of the slope of a straight line is different at every point but is the same at every point for a curved line. B. the numerical value of the slope of a straight line is always higher than the numerical value of the slope of a curved line. C. the numerical value of the slope of a curved line is different at every point but is the same at every point for a straight line. D. the numerical value of the slope of a curved line is an irrational number, but the numerical value of the slope of a straight line is always a rational number. E. straight lines are more realistic, but curved lines are not descriptively accurate for the real world.
"Although the United States is running a large current account deficit, it is still ranked as a major international net lender." Is the previous statement correct or incorrect? Briefly explain your answer
What will be an ideal response?