What Was Developed in the Early 1980s to Offset Some

question 26

Multiple Choice

What was developed in the early 1980s to offset some of the problems with traditional mortgage pass-throughs?

• A) variable rate mortgages
• B) collateralized mortgage obligations (CMOs)
• C) leveraged buyouts (LBOs)
• D) deep discount bonds (DDBs)
• E) high yield bonds.

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Definitions:

John Singer Sargent

An American expatriate artist, considered the leading portrait painter of his generation for his evocations of Edwardian era luxury.

Edward Darley Boit

Highlighted as the subject of John Singer Sargent’s painting "The Daughters of Edward Darley Boit," which portrays Boit’s daughters in their Paris apartment.

Vermeer

Johannes Vermeer was a Dutch painter of the 17th century, celebrated for his masterful use of light and color, and known for intimate domestic scenes.

Honoré Daumier

A French printmaker, caricaturist, painter, and sculptor known for his social and political commentary in the 19th century.