"Exotic" mortgages became popular in part because home prices were expected to
A. rise quickly.
B. become increasingly unpredictable.
C. fall precipitously.
D. remain virtually constant.
Answer: A
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Which of the following statements is (are) correct? During the existence of the Euro (1999-),
a. borrowing from abroad financed large excesses of merchandise imports over exports in the U.S. b. the United States has continued to be the world's largest debtor nation. c. the dollar initially appreciated but then depreciated strongly since 2001 against the euro. d. All of the above
A monopolist maximizes profit at the quantity where its total revenue curve equals total cost
a. True b. False
Your rich uncle, Ebenezer, dies and leaves you $10 million. You plan to buy $10 million worth of common stock in Microsoft, but your accountant thinks you should buy $10 million worth of Microsoft bonds. a . What is the difference between Microsoft's common stock and its bonds? b. What is the advantage of each? c. What is the disadvantage of each?
The steam engine was one of the basic innovations of the ____, which began in England around the year ____.
Fill in the blank(s) with the appropriate word(s).