These Entities Worked as Second Party Consolidators, Purchasing Loans and Reselling

question 4

Multiple Choice

These entities worked as second party consolidators, purchasing loans and reselling them to investors:

• A)Federal National Mortgage Association (Fannie Mae)and Federal Home Loan Mortgage Corporation (Freddie Mac)
• B)Structured Investment Vehicles (SIVs)
• C)Credit rating agencies
• D)Investment banks
• E)All of the above

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Long-Term Investments

Investments intended to be held for longer than a year, including stocks, bonds, or real estate, aimed at generating long-term returns.

Office Equipment

Office equipment consists of tangible property like desks, computers, and copiers that are used in an office setting for operations and administrative functions.

Financial Position

A snapshot of what a company owns (assets) and owes (liabilities) at a particular point in time, showing its net worth.