Which of the Following Is NOT a CMO Security Type

question 40

Multiple Choice

Which of the following is NOT a CMO security type?

• A)A repeat floater
• B)A Z tranche
• C)An inverse floater
• D)An IO tranche

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Definitions:

Errors

Mistakes or inaccuracies in financial records or transactions.

Unearned Revenues

Money received by a company for goods or services yet to be delivered or performed, considered a liability until fulfilled.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss of value due to age, wear, and tear, or obsolescence.

Accrue Interest

The process of recognizing interest earned or incurred on an outstanding debt over a period of time.