The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
A) budget surplus.
B) trade deficit.
C) national debt.
D) budget deficit.
C) national debt.
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Refer to Figure 10-8. Given the budget constraint in the diagram, which of the following statements is false?
A) Consumption bundles b and c yield the same level of utility, which is higher than the utility represented by bundle a. B) The consumer's optimal bundle could be bundle d, e, or f. C) Although the consumer receives the same level of utility from bundles d and e, she cannot afford to purchase bundle d. D) The consumer receives the same level of utility from consumption bundles d, e, and f.
Mortgage-backed securities are similar to ________ but the interest and principal payments are backed by the individual mortgages within the security
A) bonds B) stock C) repurchase agreements D) negotiable CDs