The Secondary Mortgage Market

question 12

Multiple Choice

The secondary mortgage market:

• A) is called secondary because it is less important than the primary mortgage market
• B) is where an investor goes after the primary mortgage market has turned down his request for credit
• C) increases liquidity risk due to its inefficiency
• D) purchases and sells mortgages that have been previously originated by other lenders

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Definitions:

Nocturnal Emissions

Involuntary ejaculation of semen during sleep, often occurring in adolescent and adult males.

Testicular Self-Examination

A method by which an individual examines their own testicles to detect any abnormalities or changes.

Scrotum

A pouch of skin containing the testicles and parts of the spermatic cords, playing a role in regulating their temperature.

Epididymis

A tightly coiled tube located at the back of the testicle where sperm matures.