Collateralized Mortgage Obligations (CMOs)offset Some of the Problems Associated with Traditional

question 46

Multiple Choice

Collateralized mortgage obligations (CMOs) offset some of the problems associated with traditional mortgage pass-throughs because

• A) They are overcollateralized.
• B) They have variable rates.
• C) Collateralized by auto-loans.
• D) They are deep discount instruments.
• E) Collateralized by credit card debt.

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