True & False

Multiple choices

5. The Federal Housing Administration (FHA) guarantees mortgage loans to (mostly) low income households. 9. Investors in CMO securities are not exposed to prepayment risk. 10. The US federal fiscal year 2019 will end on September 30, 2019. 15. Fully amortizing a mortgage loan means that a. the equity in the house declines as the loan is paid down b. a long-term loan is converted to a short-term loan. c. the loan is repaid in equal, consecutive payments d. all of the above e. none of the above 19. Which of the following money market instruments is backed by specified collateral? a. commercial paper b. certificate of deposit c. repurchase agreement d. all of the above e. none of the above