Define Institutional Racism

question 45

Essay

Define institutional racism. Provide a detailed example of this phenomenon.

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Definitions:

Corporate Bond

A debt security issued by corporations to raise capital, promising to pay back the principal along with interest at a specified rate.

Mortgage-Related

Pertains to financial instruments or activities that involve the financing of real estate transactions through loans secured by a mortgage.

Federal National Mortgage Association

A government-sponsored enterprise (GSE) known as Fannie Mae; it expands the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities.

U.S. Treasury

Refers to the federal government department responsible for managing government revenue and also to the securities (like bonds) it issues, considered low-risk investments.