The process of bundling loans together and buying and selling these bundles in a secondary financial market is called

A) open market operations.
B) securitization.
C) fractional reserve lending.
D) seigniorage.

Answer: B

Economics

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As the time to respond to a change in market conditions increases, the odds of supply being elastic: a. Increase

b. Decrease. c. Stay the same. d. Cannot be determined.

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What is the approximate per capita income of the US if the population is 3,405,813 and its GDP is $24 million?

a. $8.17 b. $1.41 c. $7.05 d. $0.08 e. $6.18

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