These Items Are Hybrid Securities That Contain Elements of Mortgage-Backed

question 20

Multiple Choice

These items are hybrid securities that contain elements of mortgage-backed bonds and mortgage pass-throughs:

• A)MPTBs
• B)CDOs
• C)CMOs
• D)Tranches

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Definitions:

Imaginary Audience

A manifestation of adolescent egocentrism in which they assume that they are the focus of others’ attention.

Social Referencing

Seeking information from caregivers about how to interpret unfamiliar or ambiguous events by observing their emotional expressions and reactions.

Operational Reasoning

The stage of cognitive development, as identified by Piaget, in which children develop the ability to think logically about abstract concepts and concrete events.

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."