Which One of the Following Types of Transactions Leaves the Assets

question 60

Multiple Choice

Which one of the following types of transactions leaves the assets on the balance sheet?

• A)Loan sale without recourse
• B)GNMA pass-throughs backed by mortgages placed in trust
• C)CMOs issued using mortgage pool as collateral
• D)Mortgage-backed bonds issued
• E)None of the options are correct.

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to outlaw monopolistic business practices.

Demand Elasticity

An indicator that reflects the degree of change in demand for a good due to price adjustments.

Optimal Strategy

The best course of action to achieve the highest payoff or benefit, given a particular set of conditions.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price each individual consumer is willing to pay for each unit, thereby extracting all consumer surplus.