In 2008, as a Result of a Run on Government-Sponsored

question 5

Multiple Choice

In 2008, as a result of a run on government-sponsored enterprise debt, the U.S.Treasury placed Fannie Mae and Freddie Mac in:

• A)conservatorship
• B)receivership
• C)bankruptcy
• D)restriction

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Definitions:

Fraud

Deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Demand An Accounting

A legal request for a detailed report of financial transactions and balances, typically made by stakeholders to ensure transparency.

Forensic Auditor

A professional who examines financial records to detect or investigate fraud, ensuring legal compliance and integrity.

Commissions

Earnings based on a percentage of the sale price of goods or services, typically used as compensation for sales personnel.