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Describe what is meant by flexible manufacturing systems. In addition to reducing costs, describe the other major advantage of a flexible manufacturing system.
Mortgage-Backed Securities
Financial instruments secured by a pool of mortgage loans, allowing investors to earn interest from payments on these mortgages.
Economic Models
Simplified representations of complex economic processes, used to predict future economic events or understand economic dynamics through mathematical or computational simulations.
Mortgage-Backed Security
A type of asset-backed security that is secured by a mortgage or collection of mortgages.
Home Loans
Loans offered by financial institutions to individuals for the purchase of homes, typically secured by the property itself.
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