Which of the Following Observations Is NOT Correct

question 79

Multiple Choice

Which of the following observations is NOT correct?

• A)Most loans are sold with recourse.
• B)Loan sales are a primitive substitute for securitization.
• C)Selling of a loan creates a secondary market for loans.
• D)Ownership of the loan is always transferred to the loan purchaser.
• E)Loan sales do not involve the creation of new types of securities.

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Definitions:

Population

A collection of the same species members who live and reproduce together in a specific location.

Diversity

The range of different species, genetic variations, and ecosystems within and between environments.

Response To Stimuli

The process by which organisms detect and react to changes in their internal and external environment.