Examlex
Which of the following statements concerning mortgage backed securities are correct?
I. They are secured by a pool of residential mortgages.
II. A portion of the income stream is a non-taxable return of capital.
III. They are backed by the full faith and credit of the U.S. government.
IV. Their maturity depends on prepayments of the mortgages in the pool.
Automatic Responding
Actions or reactions that occur without conscious thought, often as a result of learned behaviors or reflexes.
Mindlessness
A mental state characterized by a lack of conscious awareness or critical thinking, often resulting in automatic or habitual action without reflection.
Perceived Legitimacy
The extent to which an authority, institution, or power is regarded as justified, rightful, and acceptable.
Milgram Studies
A series of psychological experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.
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