Ted Is a Rapist

question 68

Multiple Choice

Ted is a rapist. If he is typical of most convicted rapists, he

• A) is under 25 and has a prior criminal record.
• B) was a close friend or lover of the rape victim.
• C) is well-educated, charming, and middle-class.
• D) has never committed a crime before.

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Definitions:

CDOs

Collateralized Debt Obligations, a type of structured asset-backed security (ABS) with different tranches that can be impacted by mortgage, auto loan, and credit card debt defaults.

Rating Agencies

Companies that assess the financial strength of entities, like corporations and governmental bodies, and their ability to meet financial obligations, issuing ratings that reflect that assessment.

Valuation

A systematic process to determine the price at which a security should sell in financial markets.

Designated Market Maker

A designated market maker is a market participant responsible for maintaining liquidity in a financial market by buying and selling securities.