Solve the System of Equations by the Elimination Method

question 103

Multiple Choice

Solve the system of equations by the elimination method.
-x - 3y = -24 5x - 2y = -16

• A)(-8, 0)
• B)(1, 7)
• C)(0, 8)
• D)no solution

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Definitions:

Mortgage-Backed

Mortgage-backed refers to securities that are secured or backed by mortgage loans, allowing investors to receive payments derived from the principal and interest payments made by borrowers.

Money Market

The section of the financial market dealing with the lending and borrowing of short-term funds, including treasury bills, commercial paper, and certificates of deposit.

Repurchase Agreements

Short-term loans where a borrower sells securities to a lender with an agreement to buy them back at a higher price at a future date.

Commercial Paper

An unsecured, short-term debt instrument issued by a corporation, typically used for the financing of payroll, accounts payable, and inventories.