In 2003 and 2004, Freddie Mac and Fannie Mae-As the Two

question 88

Multiple Choice

In 2003 and 2004, Freddie Mac and Fannie Mae-as the two government-sponsored mortgage giants are known-were investigated for which of the following?

• A) Money laundering
• B) Predatory lending
• C) Violations of the bank secrecy act
• D) Various forms of accounting fraud

---

Definitions:

Incentive

A factor, monetary or otherwise, that motivates individuals or entities to behave in a certain way.

Work

Physical or mental effort done in order to achieve a purpose or result, often related to employment or tasks.

Invest

The action of allocating resources, usually financial, into something with the expectation of generating income or profit.

Money Supply

The total amount of money available in an economy at a particular time, including cash and bank deposits.