Author Question: Subprime mortgages A) are loans covered by reserve requirements of commercial banks. B) are home ... (Read 110 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
Subprime mortgages
 A) are loans covered by reserve requirements of commercial banks.
  B) are home loans backed by the Treasury.
  C) are home loans given to individuals without credit to meet the loan requirements.
  D) none of these choices.

Question 2

The mortgage crisis started to come to a head
 A) when the Federal Reserve started to raise interest rates.
  B) when government deficit started to grow at increasing rates.
  C) when the Federal Reserve passed a law aimed at getting every American to own their own home.
  D) a. and b. are true



SAUXC

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library