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QUESTION 1 Munis have an active secondary market. True False QUESTION 3 Rule 144A increased the liquidity of the secondary market for registered securities. True

QUESTION 1

Munis have an active secondary market.

True

False

QUESTION 3

Rule 144A increased the liquidity of the secondary market for registered securities.

True

False

QUESTION 4

In 2008, FNMA and GNMA were placed into conservatorship.

True

False

QUESTION 5

Hybrid ARMs are suitable for borrowers who do not plan on staying in their residence for more than 5 years.

True

False

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