Ginnie Mae

question 33

Multiple Choice

Ginnie Mae:

• A) purchases mortgages
• B) issues securities
• C) both a and b
• D) none of the above

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Definitions:

Pollution

The contamination of the natural environment, causing adverse effects on living beings and ecosystems.

Negative Externality

A cost imposed on third parties not involved in a transaction or activity, such as pollution from a factory affecting nearby residents’ health.

Second-Hand Smoke

The smoke inhaled involuntarily from tobacco being smoked by others, posing health risks to non-smokers.

Unemployment

The situation where individuals who are able and willing to work are not able to find employment.