What Was Developed in the Early 1980s to Offset Some

question 39

Multiple Choice

What was developed in the early 1980s to offset some of the problems with traditional mortgage pass-throughs?

• A) Variable rate mortgages.
• B) Collateralized mortgage obligations (CMOs)
• C) Leveraged buyouts (LBOs)
• D) Deep discount bonds (DDBs)
• E) High yield bonds.

---

Definitions:

Technologies

The application of scientific knowledge for practical purposes, especially in industry and everyday life.

Resource Endowments

The natural resources, capital, and human skills that a country or region possess, which can influence its economic development and trade patterns.

IACs

Industrialized Advanced Countries, a term sometimes used to refer to economically developed countries with high levels of industrialization.

Microcredit

Anti-poverty programs that lend small amounts of money to poor entrepreneurs.