During 2006, Originations of New Subprime Mortgages Totaled Approximately __________

question 59

Multiple Choice

During 2006, originations of new subprime mortgages totaled approximately __________, which was ________ of new mortgages originated that year.

• A)$600 billion; one-fifth
• B)$400 billion; one-tenth
• C)$100 billion; one-half
• D)$400 billion; one-third
• E)$600 billion; one-half

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Definitions:

Imprisonment

The act of confining someone in a prison or as if in a prison as a legal punishment.

Embezzlement

A wrongful conversion of another’s funds or property by one who is lawfully in possession of those funds or that property.

Forgery

A criminal falsification by imitating, impersonating, or altering a real document with the intent to deceive or defraud.

Miranda Rights

The rights that are read to an arrested individual by a law enforcement agent before the individual is questioned about the commission of a crime.