Which of the Following Is True of a Covered Bond

question 41

Multiple Choice

Which of the following is true of a covered bond?

• A)A covered bond is the same as a mortgage-backed security except that it is popular in the United States than in Europe.
• B)In case of covered bonds, the obligation of the loan remains with the originating bank that gives out the loan.
• C)In case of covered bonds, the obligation of the loan immediately transfers to the institution taking the loan.
• D)A covered bond is the same as a mortgage-backed security except that it is popular in the Europe than in the United States.

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Definitions:

Landless Whites

Refers to white individuals, particularly in a historical context, who did not own land, facing economic and social challenges due to their lack of property.

Ex-Slave

A person who was formerly enslaved, especially in the context of American history prior to the abolition of slavery in 1865.

Black Abolitionists

Black Abolitionists were African American leaders and activists who played a significant role in the movement to abolish slavery in the United States.