QUESTION 3 Use the dataset “voter.sav” from Canvas. This dataset is a simulated dataset that includes information about 30 voters. The variables include: voter education level (education), age, income, self-identification as liberal or conservative (libcon), political party (party), and the percentage of ballot issues they voted on in three elections (vote2012, vote2016, and vote2020).    3. Create a Descriptives table which includes the minimum, maximum, mean, standard deviation, and variance of the original age variable. (5 pts) ***Your response for this question will be included in the output file upload. Save your output file as a .spv file and upload it above***

Which of the following does not create a conflict of interest issue

Banks must effectively manage the profitability vs. safety trade-off to satisfy varying constituencies (shareholders, depositors, regulators)

Their is both a legal an illegal shadown banking system

Shadow banking has grown due to the demand for credit/lending intermediation outside the traditonal banking system, mostly since the 2008 financial crisis after banks tightened their underwriting standards

The Money Market is used to invest/borrow short term vs the Capital Market used to financing long-term needs 

Junk bonds are bonds rated with a higher rate of default risk 

Daily Survival Kit Which of these (toothpick, eraser, pencil, rubber band) are u currently using or plan to use in the future?  

There are pro’s and con’s related to the Shadown banking system.  Which of the follwing is not a pro characteristic:

Indicate below if the provisions of the 2010 Dodd-Frank Financial Overhauls Act addressed the following players/contributions  to creating the  2008 Financial Crisis? Federal Reserve interest rate policy [a1] TBTF banks systemic risk [a2] Credit rating agencies conlflcit of interest risk [a3] Credit Default Swaps [a4] Abusive lending practices [a5] Financial innovation/liberalization [a6] Principal-agent problem of mortgage lenders/brokers taking advantage of illiterate borrowers [a7]