Securitization is the:
a. Process of originating, bundling, packaging, and selling mortgage-backed securities to investors.
b.The process of originating loans and making sure they are secure.
c. The process of unbundling, storing, and then selling mortgages securities to investors.
d. The process of underwriting loans with an originate-to-hold strategy.
e. The process of underwriting loans with an originate-to-distribute strategy.
Question 2
Government debt is not a problem as long as the:
a. Assets a government purchases increase national productivity by an amount less than the private sector.
b. Government spends the funds on consumption goods rather than investment goods, because consumption goods do not have to be amortized.
c. Government can borrow from foreigners.
d. Government can print money and repay the debt any time it wants.
e. Nation's equity level is rising.
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Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...