Which of the following best describes exchanges rates that are determined by the demand and supply foreign exchange in the absence of official intervention?

The practice of approving mortgages in order to sell them as mortgage-backed securities is known as ________

A) originate-to-distribute B) principal-agent engineering C) predatory lending D) a credit default swap

A commitment

A) is a promise. B) is a contractual arrangement between parties. C) is when one party states that they will not play a game that ends in a prisoner's dilemma. D) is when a party states that they will engage in a certain type of behavior regardless of what others do.