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ID:9872558
大小:274.00 KB
页数:11页
时间:2018-05-13
《金融市场与机构madura第九版题库ch09》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、MortgageMarketsv11Chapter9MortgageMarkets1.Mortgage-backedsecuritiesarecommonlycontainedwithincollateralizeddebtobligations.A)TrueB)FalseANSWER:A2.Federallyinsuredmortgagesguarantee A)loanrepaymenttothelendingfinancialinstitution.B)thattheinterestratewillnotincreaseduringthelifeo
2、fthemortgage.C)thelendingfinancialinstitutionasellingpriceforthemortgageinthesecondarymarket.D)alloftheaboveANSWER:A3.Atagivenpointintime,theinterestrateofferedonanewfixed-ratemortgageistypically__________theinitialinterestrateofferedonanewadjustable-ratemortgage.A)belowB)aboveC)e
3、qualtoD)alloftheaboveareverycommonANSWER:B4.Aninstitutionthatoriginatesandholdsafixedratemortgageisadverselyaffectedby_______interestrates;theborrowerwhowasprovidedthemortgageisadverselyaffectedby_______interestrates.A)stable;decreasingB)increasing;stableC)increasing;decreasingD)
4、decreasing;increasingANSWER:C5.RatesforadjustableratemortgagesarecommonlytiedtotheA)averageprimerateoverthepreviousyear.B)Fed’sdiscountrateoverthepreviousyear.C)averageTreasurybillrateoverthepreviousyear.D)averageTreasurybondrateoverthepreviousyear.ANSWER:C©2010CengageLearning.Al
5、lRightsReserved.ThiseditionisintendedforuseoutsideoftheU.S.only,withcontentthatmaybedifferentfromtheU.S.Edition.Maynotbescanned,copied,duplicated,orpostedtoapubliclyaccessiblewebsite,inwholeorinpart.MortgageMarketsv116.Capsonmortgageratefluctuationswithadjustable-ratemortgages(ARM
6、s)aretypicallyA)2percentperyearand5percentforthemortgagelifetime.B)5percentperyearand15percentforthemortgagelifetime.C)0percentperyearand10percentforthemortgagelifetime.D)3percentperyearand8percentforthemortgagelifetime.ANSWER:A7.Fromtheperspectiveofthelendingfinancialinstitution,
7、interestrateriskislowerA)lowerona30-yearfixed-ratemortgagethanona15-yearfixed-ratemortgage.B)lowerona15-yearfixed-ratemortgagethanona30-yearfixed-ratemortgage.C)higherona15-yearfixed-ratemortgagethanona30-yearfixed-ratemortgage.D)higherona15-yearadjustable-ratemortgagethanona30-ye
8、aradjustable-ratemortgage.ANSWER:
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