A Mortgage-Backed Security Is

question 61

Multiple Choice

A mortgage-backed security is

• A) premiums for mortgate default insurance.
• B) insurance for banks against the risk of a mortgage default.
• C) insurance for consumers against the risk of a mortgage default.
• D) a claim to the payoff from a mortgage default.
• E) a claim to the payoffs on a portfolio of mortgages.

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Definitions:

Endorphins

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Antidepressant Drugs

Drugs used to treat depression, anxiety disorders, obsessive-compulsive disorder, and posttraumatic stress disorder. (Several widely used antidepressant drugs are selective serotonin reuptake inhibitors—SSRIs.)

Antipsychotic Drugs

Drugs used to treat schizophrenia and other forms of severe thought disorder.

Auditory Hallucinations

A condition where a person hears sounds or voices that do not exist outside their mind.