Fannie Mae and Freddie Mac

question 2

Multiple Choice

Fannie Mae and Freddie Mac

• A) were a fictitious American couple used by the media as an example of overspending.
• B) were U.S. government corporations that made more money available to lenders and borrowers preceding the crisis by selling loans to investors.
• C) were agencies that warned the public about the dangers of subprime loans before the crisis.
• D) were corporations that requested loans from the European Union to stabilize Ireland's failing economy.

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Definitions:

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for the tort of negligence.

Crushing Injury

A type of injury where a part of the body is subjected to a high degree of force or pressure, often resulting in compression and significant damage to the area.

Net Earnings

The amount of income left after deductions, such as taxes and social security charges, have been subtracted from gross income.