1. Use the following statement from the financial news and answer the question below: Fannie Mae requires...

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1. Use the following statement from the financial news and answer the question below:

“Fannie Mae requires that banks speed up transfers of mortgage payments to investors as a precautionary move arising from the current (2008) wave of bank failures.”

What specific function(s) of the financial market (through a financial institution)

is (are) implied by this passage? Explain why.

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