Business, 20.08.2019 01:20 kimberlyrios12p0ts98

Which of the following explains why mortgages weren't considered securities prior to 1970? a prior to 1970, mortgages were rarely resold in the secondary market. b the federal reserve act of 1913 prohibited mortgages from being considered securities. an amendment to the act was approved in 1970 that allowed mortgages to be considered securities. c congress passed a law in 1970 stipulating that mortgages could be classified as securities. d until 1970, the average annual increase in housing prices did not allow the buying and selling of mortgages to be profitable. there has been a significant annual increase in housing prices and mortgage values since 1970.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 13:50

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.

Answers: 2

Answer

Business, 22.06.2019 16:30

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.

Answers: 1

Answer

Business, 22.06.2019 20:00

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation

Answers: 2

Answer

Business, 22.06.2019 20:00

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above

Answers: 3

Answer

You know the right answer?

Which of the following explains why mortgages weren't considered securities prior to 1970? a prior t...

Questions