1. Which of the following commercial sectors is generally most exposed to volatility in cash flows and therefore higher default risk?

a. Industrial

b. Hotels

c. Offices

d. Infrastructure

2. Which of the following would generally see a reduced risk of default in residential mortgage loans? a. Buying later in the cycle

b. Borrowing at a higher LTV

c. Forgoing mortgage insurance

d. Borrowing at a fixed-rate

3. Which of the following generally doesnt have a negative impact on house prices a. Poor results in the local school district

b. Proximity to an airport

c. Proximity to a highway interchange

d. Higher crime rates