As of the End of 2016,Fannie Mae and Freddie Mac

question 77

Multiple Choice

As of the end of 2016,Fannie Mae and Freddie Mac

• A) were still under the control of the Federal Housing Finance Agency, and no definite plans for privatizing them were in place.
• B) were still under the control of the Federal Housing Finance Agency, with Congress set to privatize them by the end of 2017.
• C) had again become private.
• D) were no longer in existence.

---

Definitions:

Output Level

The total amount of goods or services produced by a business, sector, or economy within a specific timeframe.

Average Variable Cost

The total variable costs (like labor and materials) divided by the quantity of output produced, indicating the variable cost per unit.

Variable Cost

Costs that change in proportion to the activity of a business, such as materials and labor costs.

Total Cost

The complete cost of production that includes both fixed and variable costs.