A Claim to the Present Value of the Interest Payments

question 43

Multiple Choice

A claim to the present value of the interest payments made by the mortgage holders in a GNMA pool is

• A)a CARS.
• B)an IO strip.
• C)a CARD.
• D)a PO strip.
• E)a prepayment claim.

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Definitions:

Adult Education

Educational programs specifically designed for adults beyond traditional schooling age, focusing on skills enhancement, personal enrichment, or vocational training.

Efficient Worker

An employee who achieves maximum productivity with minimum wasted effort or expense.

Human Capital

The economic value of the abilities, skills, and training of an individual or workforce.

Better Educated

Having a higher level of education or more extensive knowledge.