1. A type of financial service that performs equity valuation of a company, research on the sector, target companies, when to pay,how much to pay and how to pay the union of two companies:

A. Research and Advice

B.Merger and Acquisition

C. Underwriting

D. Market Making

2. With adjustable-rate mortgage (ARM) the interest rate charged on the mortgage does not usually change during the life of the mortgage.

A. TRUE B. FALSE

3. The following features are the desirable characteristics of Mortgage except for:

A.Yield Flexibility

B. Payment Stability

C. Servicing Simplicity

D. Variable Payment Structure