Quiz 9: Mortgage Mayhem


Investment The process of sacrificing today's money for a future return is known as investment. Generally, an investor invests in an asset for the reason of selling it at a higher price. If the selling price of asset rises, then investor is rewarded in a leveraged transaction. So, it is said that the leveraged transactions are frequent catalysts in boom-bust cycles. Hence, the given statement is "True". Therefore, the correct answer is img .

Easy Credit The housing boom was mainly through easy credit option. To help the individuals in buying an affordable home for living, the Federal National Mortgage Association and Federal Home Mortgage Corporation was started by the Congress of Country U. Therefore, as per above explanation, the answer is False. Thus, the correct answer is img .