The Archangel Michael (Fig

question 26

Multiple Choice

The Archangel Michael (Fig. 8-12) is an example of carved ivory diptychs that served what function in Christian worship?

• A) They were used to send messages to friends and colleagues.
• B) They were portable objects of veneration, similar to painted icons.
• C) They were used to record names of people who were to be remembered in prayers.
• D) They were used as book covers for manuscripts.

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Definitions:

Subprime Mortgages

Loans granted to borrowers with poor credit histories, which carry higher interest rates than standard mortgages to compensate for the higher risk.

Mortgage-backed CDOs

Complex structured finance products that pool together cash flow-generating assets and repackages this asset pool into tranches that can be sold to investors, specifically focusing on mortgage-backed securities.

Variable Rate Loans

Loans with interest rates that can fluctuate over time based on an underlying benchmark rate or index.

Tranches

Portions or slices of debt or securities that are structured to divide risk or return in a way that is marketable to different investors.