A Special Purpose Entity Can Take All of the Following

question 72

Multiple Choice

A special purpose entity can take all of the following forms except a

• A)Trust.
• B)Partnership.
• C)Joint venture.
• D)Corporation.
• E)Estate.

---

Definitions:

Interest Rate Ceilings

A regulatory measure that sets the maximum interest rate that can be charged on loans and other financial products.

Deregulation

The process of reducing or eliminating government controls and restrictions in an industry to enhance efficiency and competition.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that provides insurance protection to depositors in US banks.

Mortgage-Backed Security

A claim on payments made on the many mortgages bundled into this financial instrument.