The Development of Fannie Mae and Freddie Mac Established the Framework

question 1

Multiple Choice

The development of Fannie Mae and Freddie Mac established the framework for a liquid secondary market for residential mortgages.By the fourth quarter of 2008,the share of all residential mortgage loans owned or securitized by Fannie Mae and Freddie Mac approached approximately:

• A)5%
• B)16%
• C)38%
• D)76%

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Definitions:

Neuron

A nerve cell; a conducting cell of the nervous system that typically consists of a cell body, dendrites, and an axon.

Dendrites

Branches of a neuron that receive and conduct nerve impulses toward the cell body. Compare with axon.

Axons

Long, threadlike extensions of neurons that transmit electrical impulses away from the neuron's cell body to other neurons, muscles, or glands.

Protoplasmic Protrusions

Extensions of the cell body, such as pseudopodia, used for movement and feeding in some unicellular organisms.