Which of the following was not a factor that contributed to the subprime mortgage crisis?
a. false security derived from FDIC insurance on mortgage loans
b. lower down payments
c. households devoting 25% or more of their income to mortgage payments
d. lending to households with adverse credit ratings
a
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Use the following statements to answer this question: I. Corporate paper rates are typically less than one percent higher than Treasury bill rates. II. Treasury bill rates may be viewed a short-term, risk-free rates
A) I and II are true. B) I is true and II is false C) II is true and I is false D) I and II are false
When a transfer price decreases
a. the profits of the division producing the intermediate product will rise b. the profits of the division producing the intermediate product will fall c. the costs of the division producing the intermediate product will rise d. the costs of the division producing the intermediate product will fall