Which of the Following Observations Is NOT Correct

question 79

Multiple Choice

Which of the following observations is NOT correct?

• A)Most loans are sold with recourse.
• B)Loan sales are a primitive substitute for securitization.
• C)Selling of a loan creates a secondary market for loans.
• D)Ownership of the loan is always transferred to the loan purchaser.
• E)Loan sales do not involve the creation of new types of securities.

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Definitions:

Facial Expressions

Nonverbal cues that convey emotions, attitudes, and communication from one individual to another.

Cynical Listener

An individual who tends to doubt or question the sincerity and motives behind what is being communicated to them.

Team Leader

An individual who guides, directs, and motivates a group of people towards achieving a common goal.

Fellow Team Members

Individuals who are part of the same workgroup or project team, collaborating towards common goals.