Which of the Following Is Correct

question 52

Multiple Choice

Which of the following is correct?

• A)The maturity of a bond refers to the amount to be paid back.
• B)The principal of the bond refers to the person selling the bond.
• C)A bond buyer cannot sell a bond before it matures.
• D)None of the above is correct.

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Definitions:

HUD Guidelines

Regulations and standards set by the U.S. Department of Housing and Urban Development to ensure fair housing and urban development practices.

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.