Fannie Mae and Freddie Mac

question 118

Multiple Choice

Fannie Mae and Freddie Mac:

• A)are cousins in the financial world.
• B)are publicly traded,government sponsored organizations.
• C)are authorized to revoke loans made by banks and mortgage companies.
• D)make sure that lenders stay within certain limits when lending to prospective home buyers.

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Definitions:

Abstract Planning

The process of thinking about actions or decisions in a way that is not tied to concrete, tangible objects or events but involves conceptual or theoretical ideas.

Verbal Skills

The abilities related to the use and understanding of words and language, including speaking, writing, and reading.

Analytic Intelligence

One aspect of a multifaceted view of intelligence, focusing on the ability to analyze, evaluate, judge, compare, and contrast.

Multiple-Choice Exams

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