Fannie Mae and Freddie Mac's dominance of the secondary mortgage market during 1995-2008 encouraged mortgage originators to
a. extend only 30-year, fixed-rate mortgages.
b. require higher down payments in order to obtain a home mortgage.
c. loosen lending standards as long as the mortgages were acceptable to Fannie Mae and Freddie Mac.
d. scrutinize the credit-worthiness of borrowers more carefully.
C
Economics
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A. 1 percent. B. 8 percent. C. 13 percent. D. 15 percent.
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In a model with leisure hours and a composite consumption good, you cannot tell whether workers will work more or less if tastes are quasilinear in the consumption good.
Answer the following statement true (T) or false (F)
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