Leading up to the Great Recession, a major problem with computer models used by many banks to predict the performance of mortgage - backed securities was that the models were designed to assume that real estate prices would always rise.
<h3 /><h3>What is a Bank?</h3>
A bank is a financial institution that deals in money. Bank is usually known for the safe deposits that can be made by individuals and for lending money to individuals for their capital expenditures.
Computer used by banks were used to predict the performance of mortgage backed securities but the model was designed to assume that real estate prices would increase all the time,
while this is not the case and in many situations especially in the recession the prices for real estate fall and as a result this will have impact on the performance of the mortgage backed securities.
Learn more about Banks at brainly.com/question/20390657
#SPJ1
I believe the answer is: Citizens have economic freedoms with some government regulation
In mixed economy, the resource management in country is handled by both the government and the private sectors.
This allow the citizens to have economic freedoms in choosing the type of goods or service they want to produce, but limited with government regulation in order to help the competition run more fairly.
Answer:
In United States politics and government, the term presidential nominee has two different meanings: ... A person nominated by a sitting U.S. president to an executive or judicial post, subject to the advice and consent of the Senate.
Property taxes are collected by the local government
Yes your welcome thank you
