Which One of the Following Is a Mortgage-Backed Security That

question 41

Multiple Choice

Which one of the following is a mortgage-backed security that has first priority to scheduled principal payments?

• A) priority strip bond
• B) principal strip
• C) amortized principal strip
• D) protected amortization class bond
• E) principal priority tranche

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Definitions:

Middle Eastern

Pertaining to the geographical region that encompasses Western Asia and Egypt, noted for its distinct cultural, religious, and historical identity.

Merchandise Inventory

The goods and products a retail or wholesale company holds for the purpose of resale to customers.

Liability Account

A financial reporting category that encompasses all obligations or debts a company owes to outside parties.

Merchandise Inventory

The total cost of all the goods held by a company that are available for sale to customers in the retail or wholesale sector.