Congress chartered private enterprises called _____________ to issue government agency securities to reduce the cost of borrowing to certain sectors of the economy.

Question

Quizplus · Accepted Answer

Government-sponsored enterprises (GSEs) are financial services corporations created by Congress to enhance the flow of credit to specific sectors of the economy, such as housing, agriculture, and education. They achieve this by issuing their own securities and using the proceeds to provide financing to these sectors, thereby reducing the cost of borrowing.

Congress Chartered Private Enterprises Called _____________ to Issue Government Agency