All of the following statements about the Articles of Confederation are true EXCEPT: A. I and IVC. The system in which successful party candidates reward supporters with jobs or favors is called, In a _____, registered party members rather than party bosses nominate party candidates. The exam is given to a group of 70 students. = 15 ? B. Market interest rate movements have no effect on the stated interest rate paid by the security; and would not affect the credit rating of the issue. Augustine believed that god was all knowing and all powerful. Periodic payments; Immediate annuity C. Periodic payments; Deferred annuity D. Lump sum payment; Immediate annuity An investor can buy a variable annuity contract with a lump sum payment. the rights of children are no different from those of adults. Real Estate Investment Trusts (REITs) are investment companies similar to closed end funds. Interest income received from a collateralized mortgage obligation is: A. subject to both Federal and State and Local income taxB. Surrounding this tranche are 1 or 2 Companion tranches. All of the following are true statements about the American legal system except: a. defined by the U.S. Constitution b. each branch has a separate sphere of authority (checks) c. each branch of government is subject to review by the other branches (balances) d. decisions by each branch of government may be overturned by administrative agency courts It will not provide coverage on buildings that are in, on, or over water. Treasury NoteD. FRB. ", All of the following are true statements regarding both Treasury Bills and Treasury Receipts EXCEPT: A. interest is paid at maturityB. The interest rate placed on a TIPS (Treasury Inflation Protection Security) is less than the rate on an equivalent maturity Treasury Bond. The debt securities that are issued by Fannie Mae trade over-the-counter, hence they are negotiable (that is, tradable). A. B) they are considered safer than corporate debt securities. When interest rates rise, mortgage backed pass through certificates fall in price - at a faster rate than for a regular bond. Capture a web page as it appears now for use as a trusted citation in the future. Constitutionally, which two sets of powers do state governments have? The best answer is D. Agency CMOs are created by Ginnie Mae, Fannie Mae, or Freddie Mac, using their own mortgage backed securities (MBSs) as the underlying collateral. II and IV. All of the following statements are true about Treasury Receipts EXCEPT: A. the full faith and credit of the U.S. Government backs the securities underlying the issueB. Treasury Bills are quoted on a yield basis. An annual upward adjustment due to inflation is not taxable in that year; an annual downward adjustment due to deflation is not tax deductible in that year. This investment is not subject to reinvestment risk since no interest payments are made. When compared to plain vanilla CMO tranches, Planned Amortization Classes have: A. higher extension riskB. TACs do not offer the same degree of protection against "extension risk" as do PACs during periods of rising interest rates - hence their prices will be more volatile during such periods. All of the following statements are true about CMOs EXCEPT: A. CMO issues have a serial structureB. All of the following statements regarding policy loans are true except: A. the policy owner may never borrow more than the policy cash value. Treasury NotesC. Treasury BillsB. Provides property coverage to both residential and farm dwellings---Farm property is not eligible for coverage under the FAIR plan. Each tranche, in effect, represents a differing expected maturity, hence each tranche has a different level of market risk. C The Personal Articles Floater is similar to which of the following endorsements? Therefore, both PACs and TACs provide "call protection" against prepayments during period of falling interest rates. In the 1980s and 1990s, the federal government used ______ to force the states to raise their minimum alcoholic beverage drinking age to 21. Applying the rules The spread is $1.25 per $1,000C. c. Freddie Mac is a corporation that is publicly tradedD. sole proprietors must follow all laws, including, federal, state, and local regulations: securities laws; and employee and consumer protection regulation. {x+3y=73xy=1\left\{\begin{array}{l}{x+3 y=7} \\ {3 x-y=1}\end{array}\right. I and IVC. $35.00C. Interest accrues up to, but not including settlement. d. B A money market instrument is a debt that will mature in 1 year or less (it will turn into "money" within a year). $.25 per $1,000C. Since this is regular way settlement, the trade settles next business day on Friday, May 18th. Collateralized mortgage obligations may be backed by all of the following securities EXCEPT: A. All of the following are TRUE statements EXCEPT: 1) the trend in city elections is toward partisan races Most states adopt legalized casino gambling. U.S. Treasury securities are generally considered to be immune to all of the following risks EXCEPT: A government securities dealer quotes a 3 month Treasury Bill at 5.00 Bid - 4.90 Ask. The reason why the TIPS sells at a lower coupon rate is that, every year, the principal amount is adjusted upwards by that year's inflation rate. A A customer sells 5M of the bonds. 108D. all of the following are true regarding gerrymandering'' except 19 3407 . All debt obligations are susceptible to purchasing power risk - the risk that inflation raises interest rates, devaluing existing obligations. II and IV. Mortgage backed pass-through certificates are "paid off" in a shorter time frame than the full life of the underlying mortgages. No certificates are issued for book entry securities; the only ownership record is the "book" of owners kept by the transfer agent. Thus, average life of the TAC is extended until the arrears is paid. he believed that in order for this to be true, god must directly control everything, meaning that we do not have or (two answers) Answers: 3 A government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask. Treasury bills are original issue discount obligations that mature at par, in minimum denominations of $100 each. It covers direct loss from overflow of inland or tidal waters expected life of the trancheC. The spread is 4 basis pointsB. Why would the two American parties feel the need to take more extreme issue positions? D.True bacteria and eukaryotes are distinguishable at the subcellular . An Outboard Policy. A Hull Both are guaranteed by the U.S. Government; interest is paid at maturity; and both trade at a discount until maturity. All of the following statements about the Declaration of Independence are TRUE except: A. Question 6 2 All of the following statements are true of the government regulation of sole proprietorships EXCEPT O many government regulations apply only to businesses that have a certain number of employees. it gave too much discretion to states. Either by writing a separate Mobile Homeowners Policy or by adding an endorsement to a Homeowners Policy. Sales$2,500,000Accumulateddepreciation:equipment180,000Notespayable(duein120days)85,000Retainedearnings240,000Cash61,000Capitalstock250,000Marketablesecurities160,000Accountspayable105,000Mortgagepayable(duein20years)650,000Salariespayable5,800Dividends20,000Incometaxespayable14,400Accountsreceivable217,000Inventory195,000Unearnedrevenue15,000Unexpiredinsurance8,000\begin{array}{|cc} Which of the following statements is NOT true about the American party system? Either political party may use the filibuster b. D C. They enumerated rights and listed what the government was restricted from doing. cooperative federalism. The last interest payment was made on February 1st. e. The South. and Jul. Thus, the price movement of that specific tranche, in response to interest rate changes, more closely parallels that of a regular bond with a fixed repayment date. These credit ratings agencies really did not understand the complex structure of CDOs and how risky their collateral was (sub-prime mortgage loans that were often "no documentation liar loans"). it attempted to regulate a local problem. II and III onlyC. e. They were exceptionally strong in urban areas. A customer buys 5M of 3 3/4% Treasury Bonds at 95-5. If prepayments increase, they are made to the Companion class first. c. Fiscal adequacy b. The interest rate placed on a TIPS (Treasury Inflation Protection Security) is less than the rate on an equivalent maturity Treasury Bond. I, II, III, IV. Score .9498. II and IVC. There is no deductible Newer CMOs divide the tranches into PAC tranches and Companion tranches. I and IVC. 106B. usually result in a change in policy direction. Policies are written in increments of one million Mon cran de tlphone fait des lignes iphone, Sudut a pada gambar berikut menunjukkan sudut, Khi ni v c im cc cp t chc sng l nhng h m v t iu chnh pht biu no sau y sai, From a population that is normally distributed, a sample of 25 elements. A The right to vote was available. It protects crops even before they are visible GNMA debt obligations trade over-the-counter, which is true for virtually all bonds. General Obligation bonds. U.S. Government Agency Securities have an implicit backing by the U.S. GovernmentC. which of the following statements about poverty is true 19 3407 . Credit risk is the same as for U.S. Government securities, D. Both short and long maturities fluctuate considerably in price over time. The election of 1828 was significant to the development of electoral politics because, it was the first election in which mass participation occurred, Which of the following regions is NOT a stronghold of the Republican Party today? The annual accretion amount is subject to Federal income tax each year, as the underlying securities are U.S. II and IV. The best answer is D. FNMA is a publicly traded company. Which of the following is not true about the FAIR plan? B. A.LIFO is an inventory cost flow whereby the last goods purchased are assumed to be the first goods sold so that the ending inventory consists of the first goods purchased B.cost of goods sold is determined from the most recent purchase cost C.cost of ending stock is determined from the earliest costs paid for the . D D. If an individual is a resident of Canada for part of the calendar year, that individual only has to report his worldwide income during the period of residency for Canadian tax purposes. Thus, the price movement of that specific tranche, in response to interest rate changes, more closely parallels that of a regular bond with a fixed repayment date. When interest rates rise, the interest rate on the tranche rises. Which statement is TRUE? 8/32nds = 1/4th = .25% of $1,000 par = $2.50. It appears that I keep losing connection when I run the script. = 15 ? U.S. Treasury securities are generally considered to be immune to all of the following risks EXCEPT: A. default riskB. Surrounding this tranche are 1 or 2 Companion tranches. All of the following statements are true regarding Treasury STRIPS EXCEPT: A. interest earned is subject to reinvestment riskB. Do not confuse this with the "average life" of the mortgages in the pool that backs the CMO. the bonds are zero coupon obligations. All of the following statements regarding budgeting is true except: <p>a. Budgeting helps managersdetermine the resources needed to meet their goals andobjectives.b. Targeted amortization classC. A customer who wishes to sell 1 Treasury Bill will receive: At what rate percent on simple interest will a sum of money doubles itself in 25years? C are currently being decided by the Supreme Court. Notice that the fact that the bond is trading at a discount is irrelevant - the interest payment is based on the stated interest rate times par value. Write Your Own differing tranches will be offered at differing yields, D. each tranche has the same level of market risk. 4 weeksB. II and IV. a. I and IVC. d. They dominated party primary elections. Zero Tranche. The Emergency Program applies after a community has agreed to, but has not yet completed, the process to adopt flood control measures. A $4,945.00. All of the following statements are true regarding this question except which one? Which statement is TRUE about the liquidity and risk associated with federal agency securities? Because they are sold on an irregular basis, they sell at slightly higher yields than equivalent maturity T-Bills. Credit risk for GNMAs is the same as for equivalent maturity U.S. Government Bonds, D. Reinvestment risk for GNMAs is the same as for equivalent maturity U.S. Government Bonds. Treasury securities are the safest investment - they have virtually no credit risk (default risk) and almost no marketability risk. A. Yield quotes on CMOs are based on the expected life of the tranche that is quoted. If interest rates rise, then the average maturity will lengthen, due to a lower prepayment rate than expected. . A The "difference" between the two is the current market expectation for the inflation rate (1.25% in this example). Henry Clay. It has a 60-day automatic coverage for newly acquired items Which is the exception? b. D II and IV. c. American party organizations are decentralized. The American public strongly supports a two-party system, The third party mentioned in the text that had a significant impact on the 2010 midterm elections is the. If not, solve the system by the method of reduction. Treasury bill prices are fallingB. The national government is responsible for declaring war. A Homeowners Policy Which of the following statements is FALSE? Appraisal is usually mandatory If 30 year T-Bonds have a nominal yield of 4%; and the inflation rate is expected to be 1.25%; then the "real" interest rate is 2.75%. Find the xxx and yyy coordinates of all inflection points. A Targeted Amortization Class (TAC) is a variant of a PAC. Even though the interest rate is fixed, the holder receives a lower interest payment, due to the decreased principal amount. U.S. Treasury securities are considered subject to which of the following risks?I Credit RiskII Purchasing Power RiskIII Marketability RiskIV Default Risk A. II onlyB. A CMO divides the cash flows from underlying mortgage backed pass-through certificates into "tranches" ("slices" in French). Multiple states possess all of the following that the federal government does not have EXCEPT: __________ is the least commonly-used system of county governance in the U.S. today. All of the following are true of Personal Umbrella Liability Policies, except: a. = 2 1/4. social conservatives. 4.70%, The best answer is A. Which of the following are TRUE statements regarding government agencies and their obligations?I Fannie Mae is a publicly traded companyII Fannie Mae is a U.S. Government AgencyIII Fannie Mae debt securities are negotiableIV Fannie Mae debt securities are non-negotiable A. I and IIIB. Reinvestment risk since no interest payments are made to the Companion class first income tax each year, as underlying. Do not confuse this with all of the following statements are true except government `` difference '' between the two is the?... 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Rates rise, then the average maturity will lengthen, due to a group of 70 students that,...