10-31The Mortgage-Related Security That Goes the Furthest in Rearranging the Cash

question 25

Multiple Choice

10-31.The mortgage-related security that goes the furthest in rearranging the cash flows from a pool of mortgages is:

• A) mortgage pay-through bonds
• B) collateralized mortgage obligations
• C) mortgage backed bonds
• D) mortgage pass-through securities

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Definitions:

Adipose Tissue

Connective tissue specializing in fat storage.

Simple Squamous

A single layer of flat cells that contributes to various membranous barriers in the body, such as in the alveoli of lungs or the linings of capillaries.

Stratified Squamous

Refers to a type of epithelial tissue consisting of several layers of flat cells designed to protect underlying tissues in areas subject to abrasion.

Epithelial Tissue

Sheetlike animal tissue that covers outer body surfaces and lines internal tubes and cavities.