An important factor in producing the global financial crisis was
A) lax consumer protection regulation.
B) onerous rules placed on mortgage originators.
C) weak incentives for mortgage brokers to use complicated mortgage products.
D) strong incentives for the mortgage brokers to verify income information.
A
Economics
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Exchanging dollars for euros to pay a computer manufacturer in Belgium would occur
A) in the foreign exchange market. B) at the Federal Reserve. C) at the European Central Bank. D) in the letter of credit market.
Economics
Private saving is positive when:
A. the government's budget is balanced. B. there is a government budget surplus. C. there is a government budget deficit. D. after-tax income of households and businesses is greater than consumption expenditures.
Economics