Monday, 24 March 2014

Explain the securitization process as it relates to the housing market. What is the rationale for the establishment of government sponsored enterprises (GSEs)?

1) Explain the securitization process as it relates to the housing market. What is the rationale for the establishment of government sponsored enterprises (GSEs)?
2) If the nominal GDP is $15 trillion and the money stock is $2.5 trillion, what is the velocity?

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