How is a mortgage similar to a bond? How is it different? What is the difference between a fi xed interest rate and variable interest rate loan? What is amortization? Defi ne hedge, speculative, and...

How is a mortgage similar to a bond? How is it different? What is the difference between a fi xed interest rate and variable interest rate loan? What is amortization?

Defi ne hedge, speculative, and Ponzi spending units. What is the fi nancial instability hypothesis?