Author Question: Thrift institutions that specialize in mortgage investments and borrow short and lend long are ... (Read 80 times)

crobinson2013 · **on:** Jul 1, 2018

Thrift institutions that specialize in mortgage investments and borrow short and lend long are risky.

Indicate whether the statement is true or false

Question 2

In 1938, President Franklin D. Roosevelt signed the Fair Labor Standards Act which established a __________workweek.

a. 35 hour
b. 38 hour
c. 44 hour
d. 48 hour

lin77x · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

T Such mortgage lenders are committed to long rates of interest which they finance with short-term funds, so if short-term rates rise they can lose money.

Answer to Question 2

C