To reassure investors who were unwilling to buy mortgages in the secondary market, the U.S. Congress used two government sponsored enterprises, ________, to sell bonds to investors and use the funds to purchase mortgages from banks
A) the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC)
B) ACORN and the Federal Housing Administration (FHA)
C) Fannie Mae and Freddie Mac
D) the Fed and the Treasury Department
C
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Which of the following statements best describes the parity concept?
A. The prices of farm commodities should vary inversely with changes in the prices-paid index for farmers. B. Because of productivity increases, farmers are entitled to the same real income for a smaller volume of output. C. The money incomes of farmers should always be the same, regardless of increases or decreases in the prices of the products they buy. D. The production of a given real output entitles the producer to the same real income over time.
Many economists believe that the difference between savings accounts and checking accounts is disappearing.
Answer the following statement true (T) or false (F)