Chapter11TheMortgageMarkets

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1、Chapter11TheMortgageMarkets11.1MultipleChoice1)Whichofthefollowingareimportantwaysinwhichmortgagemarketsdifferfromthestockandbondmarkets?A)Theusualborrowersinthecapitalmarketsaregovernmententitiesandbusinesses,whereastheusualborrowersinthemortgagemarketsareindividuals.B)Mostmortgagesaresecuredbyr

2、ealestate,whereasthemajorityofcapitalmarketborrowingisunsecured.C)Becausemortgagesaremadefordifferentamountsanddifferentmaturities,developingasecondarymarkethasbeenmoredifficult.D)Alloftheaboveareimportantdifferences.E)Only(A)and(B)oftheaboveareimportantdifferences.Answer:D2)Whichofthefollowingar

3、eimportantwaysinwhichmortgagemarketsdifferfromstockandbondmarkets?A)Theusualborrowersincapitalmarketsaregovernmententities,whereastheusualborrowersinmortgagemarketsaresmallbusinesses.B)Theusualborrowersincapitalmarketsaregovernmententitiesandlargebusinesses,whereastheusualborrowersinmortgagemarke

4、tsaresmallbusinesses.C)Theusualborrowersincapitalmarketsaregovernmententitiesandlargebusinesses,whereastheusualborrowersinmortgagemarketsaresmallbusinessesandindividuals.D)Theusualborrowersincapitalmarketsarebusinessesandgovernmententities,whereastheusualborrowersinmortgagemarketsareindividuals.A

5、nswer:D3)Whichofthefollowingaretrueofmortgages?A)Amortgageisalong-termloansecuredbyrealestate.B)Aborrowerpaysoffamortgageinacombinationofprincipalandinterestpaymentsthatresultinfullpaymentofthedebtbymaturity.C)Over80percentofmortgageloansfinanceresidentialhomepurchases.D)Alloftheabovearetrueofmor

6、tgages.E)Only(A)and(B)oftheabovearetrueofmortgages.Answer:D1424)Whichofthefollowingaretrueofmortgages?A)Amortgageisalong-termloansecuredbyrealestate.B)Borrowerspayoffmortgagesovertimeinsomecombinationofprincipalandinterestpaymentsthatresultinfullpaymentofthedebtbymaturity.C)Lessthan65percentofmor

7、tgageloansfinanceresidentialhomepurchases.D)Alloftheabovearetrueofmortgages.E)Only(A)and(B)oftheabovearetrueofmortgages.Answer:E5)Whichofthefollowingaretrueofmortgages?A)Priortothe1920s,U.S.bankinglegislationdiscourage