The Most Reliable Way to Determine Whether a Storage Site

question 26

Multiple Choice

The most reliable way to determine whether a storage site is susceptible to flooding is to ____.

• A) ask about previous flooding
• B) visit the area and feel the cardboard boxes for wetness
• C) ask for names of people who have used the facilities to interview
• D) find out how close it is to the nearest body of water
• E) inquire whether the facility has flood insurance

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Definitions:

Down Payment

An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home.

Freddie Mac

A government-sponsored enterprise (GSE) in the United States that aims to expand the secondary mortgage market by buying mortgage loans and mortgage-related securities.

Fannie Mae

A government-sponsored enterprise (GSE) aimed at expanding the secondary mortgage market by securitizing mortgages.

Mortgage-Backed Securities

Securities issued for the financing of large pools of mortgages. The promised returns to the security holders are derived from the mortgage interest payments.