A Mortgage-Backed Security That Has Only a Subordinate Claim to Principal

question 69

Multiple Choice

A mortgage-backed security that has only a subordinate claim to principal payments is referred to as which type of bond?

• A) subsidiary
• B) sequential
• C) PAC support
• D) secondary
• E) subordinate

---

Definitions:

Union Density Rate

The percentage of workers in a specific area or industry that are members of labor unions.

Voluntarism

The principle or system in which voluntariness is the basis for actions and decisions in an economic or other social system.

Government Policies

Actions or strategies formulated by a government to tackle economic, social, or political issues affecting the country.

Employer Demands

Specific conditions or changes employers seek from employees or unions during negotiations or bargaining processes.