Examlex

Solved

In the Late 1960's, Congress Created a Number of Agencies

question 17

Multiple Choice

In the late 1960's, Congress created a number of agencies designed to address a struggling secondary market for residential mortgages. Which of the following organizations was developed primarily to guarantee mortgage-backed securities based on pools of FHA, VA and Rural Housing Service loans, rather than issue, buy or sell mortgages?


Definitions:

Rule Of Law

An unwritten convention inherited from Britain that recognizes that although Parliament is supreme and can create any law considered appropriate, citizens are protected from the arbitrary actions of the government.

Charter Of Rights And Freedoms

A foundational document in Canada that outlines the rights and freedoms guaranteed to individuals, typically protecting citizens from government actions.

Supremacy Of Parliament

The principle that the legislative body has the highest authority within the jurisdiction, whose laws cannot be superseded or altered by other forms of government.

Parliamentary Supremacy

A principle of UK constitutional law that holds Parliament as the supreme legal authority, capable of creating or ending any law.

Related Questions