Full employment is defined by most economists as the minimization of
A. cyclical unemployment.
B. frictional unemployment.
C. seasonal unemployment.
D. structural unemployment.
Answer: A
Economics
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Because of securitization, a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed. These mortgages are known as
A) risk-enhanced mortgages. B) subprime mortgages. C) bundled mortgages. D) adjustable-rate mortgages.
Economics
Which of the following appears on the asset side of a bank's balance sheet?
a. Required reserve deposits. b. Loans. c. Excess reserves. d. All of these.
Economics