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A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
The largest non-agricultural segment was ship building, which was from 5 to 20% of total employment. [7]: 36 About 45% of American made ships were sold to foreigners. [5] Exports and related services accounted for about one-sixth of income in the decade before revolution.
The average farm in the state is about 770 acres (more than a square mile), and in 2016, the average cost of running the farm was $300,000. [73] By far, the most significant agricultural crop in the state is wheat. Eastern Kansas is part of the Grain Belt, an area of major grain production in the central United States.
Insurance as a financial intermediary is a commercial enterprise and a major part of the financial services industry, but individual entities can also self-insure through saving money for possible future losses. [27]
The most direct of the three is the production approach, which sums up the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of the products must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying things.
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