The difference between U.S. financial regulation between the 1930s-to-1980 period and the 1980-to-2010 period is:
a. The earlier period was characterized by relatively loose government regulations and the later one was characterized by stricter government regulations.
b. The earlier period was characterized by heavy use of the originate-to-hold" strategy.
c. The earlier period was characterized by recurring, nation-wide speculative housing bubbles.
d. The earlier period was characterized by heavy use of securitization.
e. All of the above.
.B
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Of the choices given below, Jimmy, whose utility of wealth schedule is given above, prefers
A) option A: $300 with certainty. B) option B: 50 percent chance of $200 and 50 percent chance of $400. C) option C: 50 percent chance of $200 and 50 percent chance of $700. D) option D: 90 percent chance of $400 and 10 percent chance of $0.
An income tax system is ________ if marginal tax rates increase as income increases
A) efficient B) progressive C) equitable D) regressive