When groups of mortgages are bundled together by financial institutions and sold to investors, these institutions are said to be ________ mortgage loans
A) securitizing
B) underwriting
C) liquidating
D) harvesting
Answer: A
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Refer to the scenario above. What is the opportunity cost of printing one notebook?
A) 0.5 magazines B) 1 magazine C) 2 magazines D) 30 magazines
Commercial banks' assets include ________
A. bank deposits of individuals and businesses and bank reserves B. loans to individuals and businesses and government securities C. bank reserves and the deposits in M2 D. government securities and borrowed funds
Economics is best defined as the study of how
a. individuals decide to use scarce resources in an attempt to satisfy their unlimited wants b. to make money c. the government should deal with unemployment and inflation d. to eliminate the problem of scarce resources e. to run a business
In a perfectly competitive labor market, the wage rate paid by the individual firm is
A. the equilibrium market wage rate. B. a function of the tax system. C. below the equilibrium market wage rate. D. dependent on the demand for the product.