Which of the following is an example of securitization?
A) a bank bundles a group of mortgage loans and sells the bundle to investors
B) an investor sells his shares of stock and uses the proceeds to purchase Treasury bonds
C) a household deposits cash in a savings account that is insured by the FDIC
D) a government chooses to only purchase Treasury securities from other governments that are financially sound
A
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Government spending ________ is included in gross domestic product
A) at federal, state, and local levels of government B) at the federal level of government only C) at state and local levels of government only D) on defense goods only
The granting of small, unsecured loans to small businesses and entrepreneurs is known as
A. Extreme finance. B. Long-term finance. C. Microfinance. D. Growth finance.