Gena borrows $350,000 from fish island bank to buy a home, which secures the mortgage. in the seventh year of the loan, gena stops making payments. after the bank repossesses the property but before it is sold, gena may buy it by paying
a. an amount that equals the potential proceeds from the property's sale.
b. an amount that exceeds the potential proceeds from the property's sale.
c. the full amount of the debt, plus any interest and costs.
d. the amount of the missed payments, but not more.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.