1. What is a mortgage? Provide the history of mortgages before and after the Great Depression. Your response should be at least 220 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
2. If we are comparing the U.S. dollar to the euro, and the euro increased in value from $1.35 to $1.45, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.) If we are comparing the U.S. dollar to the yen, and the yen decreased in value from $.99 cents to $.90 cents, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.) Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
3.What is meant by the term “secondary mortgage market”? How does it work? Your response should be at least 220 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
4.What are the factors that affect exchange rates in the long run? What happens to the exchange rate (for the domestic currency) when the factors are either increased or decreased? Your response should be at least 220 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
5. Describe the Sarbanes-Oxley Act, and explain which section(s) you find to be the most important.
