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lana [24]
3 years ago
6

Borrowers who met certain requirements for mortgages, such as minimum income level relative to the total mortgage amount, could

obtain mortgages that were qualified to be securitized. Such mortgages were called_________________.
Business
1 answer:
AleksAgata [21]3 years ago
6 0

Answer:

Subprime or Alt-A mortgages

Explanation:

Generally, there are three types of mortgages: prime mortgage, subprime mortgage, and Alt-A mortgage.

Prime mortgages are mortgages that are usually given to people with excellent credit rating, who can meet all requirements and they are considered as high quality borrowers. Therefore, the interest rates they are offered usually relatively low.

Subprime mortgages are mortgages that are usually given to people with poor credit ratings or histories, who cannot meet all requirements to be given conventional mortgages and are considered as low quality borrowers.  Therefore, the interest rates they are offered usually relatively high because the mortgage is considered as the riskiest.

The full meaning of Alt-A mortgage is Alternative A Mortgages which is a type of mortgages for people whose credit ratings or risk profiles lie between prime and subprime. The holders can meet more requirements than the holders of subprime mortgage but not as much as the holders of a prime mortgage. This mortgage is riskier than the prime mortgage but less risky than subprime mortgage. Therefore, the interest rates it offered are therefore higher than what the holder of prime mortgage get but it lower than the interest rates offered to the holders of subprime mortgage.

Best of luck.

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Which statement about the role of white papers in business solutions is true? Multiple Choice They directly address a customer's
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White paper is simply refered to as an authoritative report that is used in order to addresses certain issues that are deemed to be vital and also provide solution to such issues.

White papers gives awareness regarding particular products and it helps customer solve a problem without promoting a particular company's products.

8 0
2 years ago
According to the law of supply, price and quantity move
gayaneshka [121]

Answer:

along a track in the same direction.

Explanation:

According to the law of supply, the price of the goods increases with an increase in the quantity of the goods supplied. Similarly, the price of the goods decreases with a decrease in the quantity of the goods supplied. This means that the price and quantity are directly proportional to each other. The price and quantity will move along a track in the same direction respectively.

6 0
2 years ago
Explain the utility of statistics as a manegerial tool​
Veseljchak [2.6K]

Answer:

"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".

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5 0
2 years ago
What do you feel is the most important thing that you can do when saving money and what are some other ways you can save money.
Gnesinka [82]
Check your stuff to see what you already have and what you need.To go around buying everything you want just because its pretty.
4 0
3 years ago
For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus
alina1380 [7]

Answer:

A. $1.5 trillion and $2.5 trillion, respectively

Explanation:

Given that

GDP = 11 Trillion

Tax = 2.5trillion

C = 7 trillion

Recall that

Private Savings = Disposable Income - Consumption

Disposable income = GDP - Tax

= 11 - 2.5

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6 0
3 years ago
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