金融市场与机构madura第九版题库ch09

《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: