1.What distinguishes the mortgage markets from other capital markets?3.What features contribute to keeping long term mortgage interest rates low?9.Distinguish between conventional mortgage loans and insured mortgage loans.1. When the euro appreciates, are you more likely to drink california or french wine?2.”A country is always worse offwhen it’s currency is weak (falls in value).” Is this statement true, false or uncertain? Explain your answer.4.If the Japanese price level rises by 5% relative to the price level in the United States, what does the theory of purchasing power parity predict will happen to the value of japanese yen in terms of dollars?