As the housing bubble began to burst in 2006-2008, investors would only buy mortgage-backed securities at high yields to compensate for higher perceived default risk. As a result::
A) banks suffered significant capital losses as the value of their holdings of mortgage-backed securities declined
B) funds available for mortgages increased
C) bank profits rose as they earned higher interest on mortgages
D) the price of mortgage-backed securities tended to rise due to the higher yields
A
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The more we pay for a euro, the __________ European goods are to us and the __________ European assets are to us
A) cheaper; cheaper B) cheaper; more expensive C) more expensive; cheaper D) more expensive; more expensive
According to Williamson and Lindert, during the antebellum period increasing wealth concentration occurred in the U.S
a. within regions. b. within age groups. c. among the native born. d. among the foreign born. e. All of the above.