Which of the following describes a typical feature of a non-agency residential mortgage-backed security (RMBS)?
A. Senior-subordinate structure in bond classes
B. A pool of conforming mortgages as collateral
C. A guarantee by the appropriate government sponsored enterprise(GSE)
Answer: A. Senior-subordinate structure in bond classes
You might also like to view...
The primary difference between positive and negative confirmations used in the audit of accounts receivable is which of the following?
a. The mode of response. b. The amount of information included. c. The control of the confirmation process by the auditor. d. The method in which accounts are selected for confirmation.
Type I error occurs when the sample results lead to the rejection of a null hypothesis that is in fact true
Indicate whether the statement is true or false
The Oil Pollution Act of 1990 provides for fines of $5,000 for every barrel spilled, with the amount increasing to $10,000 per barrel if the government successfully demonstrates applicability of the strict liability doctrine.
Answer the following statement true (T) or false (F)
Whenever a work-related injury or disease occurs, employers must make reports directly to the Occupational Safety and Health Administration
Indicate whether the statement is true or false