Alt-A mortgages are

A) mortgages which are bundled together by financial institutions and sold to investors.
B) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages.
C) mortgages issued to borrowers with flawed credit histories.
D) government-backed mortgages issued by Fannie Mae and Freddie Mac.

B

Economics

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If the aggregate income of an island country is $8 million and income per capita is $5,000, the total population of the island is ________

A) 1,600 B) 106,000 C) 40,000 D) 20,000

Economics

________ is defined as a sustained ________ in the price level

A) Inflation; fall B) Deflation; fall C) Deflation; rise D) Answers A and C above are both true.

Economics