If a borrower takes out a $200 million loan in a repo agreement and is asked to post $220 million of mortgage-backed securities as collateral, the "haircut" is

Economic theory suggests that college graduates receive higher wages than those with only a high school education because

a. college graduates are more productive. b. college graduates must be paid higher wages because their educational costs were higher. c. college graduates have formed stronger unions. d. the supply of high school graduates is small relative to the demand for their labor.

Unlike budgeters in 49 states, federal officials are not required to balance the budget

Indicate whether the statement is true or false