Which of the Following Does Not Issue Asset-Backed Securities

question 32

Multiple Choice

Which of the following does not issue asset-backed securities?

• A) Government National Mortgage Association
• B) Federal National Mortgage Association
• C) Student Loan Marketing Association
• D) Federal Reserve

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Definitions:

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, not involving direct monetary payment.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain in an economic activity.

Accountant

A professional who is responsible for keeping and interpreting financial records, ensuring accuracy and compliance with laws.