all of the following statements are true except government

All of the following are TRUE about the financing of state legislator campaigns EXCEPT: 2) What will be the compound interest on an amount of rupees 5000 for a period of 2 years at 8% per annum? a. CMOs are a derivative security, because the value of each tranche is "derived" from the cash flow allocation scheme. . marketability riskC. All debt obligations are susceptible to purchasing power risk - the risk that inflation raises interest rates, devaluing existing obligations. Which underlying policy is not required by a personal umbrella policy? CMOs are often quoted on a yield spread basis to similar maturity: Which statements are TRUE about CMBs?I CMBs are sold at parII CMBs are sold at a discount to parIII CMBs are sold at a regular weekly auctionIV CMBs are sold on an "as needed" basis A. I and IIIB. The best answer is A. d. U.S. laws make it difficult for third parties to get placed on the ballot. A TAC bond is designed to pay a "target" amount of principal each month. Since 1 Basis Point = .01% = $.10, 140 Basis Points = 1.40% = $14.00. Governments because they are not directly backed, they are only implicitly backed (making Choice C incorrect). there may be a loss of principal because homeowners are likely to default on their mortgage loans at higher ratesC. However, the interest income from the pass-through certificates issued by the 3 housing agencies is fully taxable. II and IV. e. The changes from one era to another are marked by a shift in party dominance called a realignment. II and IIID. There are about 20 primary dealers (such as Cantor Fitzgerald, Nomura Securities, Citibank, Goldman Sachs, Royal Bank of Scotland, etc.) The best answer is C. Treasury Receipts represent an undivided interest in a portfolio of U.S. Government securities held by a trustee. All of the following statements about state constitutions are TRUE except: A. c. American party organizations are decentralized. The bonds are sold at the bid price of 98-27 = 98 and 27/32nds = 98.84375% of $5,000 par = $4,942.19. C) they are always directly backed by the federal government. b. B usually result in a change in policy direction. Each tranche, in effect, represents a differing expected maturity, hence each tranche has a different level of market risk. D) Guaranteed positive net export contribution to domestic GDP. Duration is a measure of bond price volatility. Which Collateralized Mortgage Obligation tranche has the MOST certain repayment date? The ergence of hyperpartisanism has brought the American party system ___________the standards for a responsible party system. What type of bond offers a pure interest rate? All of the following statements incorrectly refer to the concepts in the Conceptual Framework except a. A = 15 * 3/20 CMBs are sold at a discount to parC. Yields on 3 month Treasury bills have declined to 1.84% from 2.21% at the prior week's Treasury auction. b. D The discount earned over the life of the bond is the "interest income.". The price movements of IOs are counterintuitive! All of the following statements are true regarding Government National Mortgage Association pass-through certificates EXCEPT: A. GNMA securities are guaranteed by the U.S. GovernmentB. A government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask. No physical certificates are issued. Party machines were strongest in rural areas. All of the following statements are TRUE regarding Georgia's potential adoption of gambling EXCEPT: 1) c. protects personal liberties such as freedom of speech, religion, and the right to bear arms. A PAC offers protection against both prepayment risk (prepayments go to the Companion class first) and extension risk (later than expected payments are applied to the PAC before payments are made to the Companion class). The national government is responsible for declaring war. Because it was sitting in my barn / shop for over 12 years!! A customer will buy at the ask price, which is 101 and 8/32nds = 101.25% of $5,000 par = $5,062.50. c. Under a Flood Policy, protection is provided to property that is on normally dry land d. holding conventions. c. These are:Federal National Mortgage Association ("Fannie Mae")Government National Mortgage Association ("Ginnie Mae")Federal Home Loan Mortgage Corporation ("Freddie Mac"), Interest received from which of the following securities is exempt from state and local tax?I Treasury BondsII Federal Farm Credit Funding Corporation BondsIII GNMA BondsIV FHLMC Bonds A. I onlyB. a. How much will the customer pay, disregarding commissions and accrued interest? II and IIID. Which of the following statements are TRUE about Treasury Receipts?I The underlying securities are backed by the full faith and credit of the U.S. GovernmentII The interest coupons are sold off separately from the principal portion of the obligationIII The securities are purchased at a discountIV The securities mature at par A. I and II onlyB. A Z-tranch is a "zero" tranche that receives no payments, either interest or principal, until all other tranches before it are paid off. An effective exercise program helps organizations maximize efficiency, resources, time, and funding by ensuring that exercises are part of a coordinated, integrated approach to building, sustaining, and delivering core capabilities. II and III onlyC. It acts like a long-term zero coupon bond. The U.S. Government issues Treasury Bonds (and Treasury Bills and Notes) in book entry form, in minimum denominations of $100. When interest rates rise, mortgage backed pass through certificates fall in price - at a faster rate than for a regular bond. Which statement is false regarding the National Flood Insurance Program (NFIP)? The debt securities that are issued by Fannie Mae trade over-the-counter, hence they are negotiable (that is, tradable). sole proprietors must follow all laws, including, federal, state, and local regulations: securities laws; and employee and consumer protection regulation. CMO issues are more accessible to individual investors than regular pass-through certificates, D. CMO issues have the same market risk as regular pass-through certificates. b. a weakening in party identification among voters. CMBs are sold at a slightly lower yield than T-BillsD. Treasury Notes and Bonds are issued at par with a stated interest rate. ), and Freddie Mac (Federal Home Loan Mortgage Corp.) all issue pass-throughs. cooperative federalism. Even though the interest rate is fixed, the holder receives a higher interest payment, due to the increased principal amount. What represents the correct order of Piagets stages of cognitive development? B If market interest rates fall, the homeowners will repay their mortgages faster because they will refinance and use the proceeds to pay off their old high rate mortgages that collateralize this mortgage-backed security. The West It provides coverage for direct and indirect loss to covered property as the result of flooding--The National Flood Insurance Program does not provide any indirect financial loss coverage. Social studies; asked by brinao; 26 views; 0 answers; Another one. b. they are divided between a central government and regional, or subdivisional, governments. GNMA Pass-Through certificatesD. \text{Salaries payable} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots & 5,800\\ Conversely, when interest rates fall (prepayment risk) the principal is being paid back at an earlier than expected date, so less interest is being received and the price falls (if interest rates fall drastically, the holder might get less interest back than what was originally invested). U.S. Government bondC. Weve got your back. In 1918, the Supreme Court ruled that an earlier national law banning child labor was unconstitutional, because I and IVC. The housing bubble that ended badly in 2008 with a market crash was fueled by massive issuance of sub-prime mortgages to unqualified home buyers, that were then packaged into CDOs and sold to unwitting institutional investors who relied on the credit rating assigned by S&P or Moodys. When interest rates rise, the price of the tranche fallsC. We reviewed their content and use your feedback to keep the quality high. The broker reoffers these "slightly used" Receipts to its customers, at competitive market yields. that they quadrupled in dollar amount in the 1960s. A Homeowners Policy 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 . A deductible only applies to loss of contents. Since each tranche represents a differing maturity, the yield on each will differ. All of the following statements about the national government are TRUE except: A. Planned amortization classes give their prepayment risk and extension risk to an associated "companion" class - leaving the PAC with the most certain repayment date. b. the interest coupons are sold off separately from the principal portion of the obligation, The best answer is D. Treasury Receipts are zero coupon Treasury obligations created by broker/dealers who buy Treasury Bonds or Treasury Notes and strip them of their coupons, keeping the corpus of the bond only. Is not subject to any deductible Newer CMOs divide the tranches into PAC tranches and Companion tranches. Provides property coverage to both residential and farm dwellings---Farm property is not eligible for coverage under the FAIR plan. B. Use formulas or numerical integration with a graphing calculator to evaluate the definite integrals. I, III, IV. a distinct evolutionary group. A floating rate CMO tranche has an interest rate that varies, tied to the movements of a recognized interest rate index, like LIBOR. Which statements are TRUE regarding Treasury debt instruments?I T-Notes are sold by competitive bidding at auction conducted by the Federal ReserveII T-Notes are sold by negotiated offeringIII T-Notes are issued in book entry form with no physical certificates issuedIV T-Notes are issued in bearer form A. I and IIIB. The best answer is A. Henry Clay. If Treasury bill yields are rising at auction, then interest rates are rising and debt prices must be falling. the voters became less important in the nomination process. A customer buys 5M of the notes. A 5 year 3 1/2% Treasury Note is quoted at 101-4 - 101-8. However, T-Receipts still trade until they all mature. d. 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 Specific minimum limits for underlying coverage are required So there are really 2 components of return on a TIPS - the lower coupon rate plus the principal adjustment equal to that year's inflation rate. \text {Sales} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & \$2,500,000\\ $93.75B. quarterlyC. Fiscal adequacy b. a. Targeted amortization classC. II and IIID. Stretch Film Division. C A Budgeting is a key ingredient in good decision-making.c. A. $.0625 per $1,000C. C.True bacteria and eukaryotes employ similar types of genetic coding. The best answer is D. CMOs have a lower level of market risk (risk of price volatility due to movements in market interest rates) than do mortgage backed pass-through certificates. Certificates are issued in minimum $25,000 denominations. Budgeting is a bookkeeping taskd. that they have been used for education, pollution control, recreation, and highway construction. D It covers such items as paintings, rare manuscripts and antiques A wealthy retired investor is interested in buying Agency mortgage backed securities collateralized by 30-year mortgages as an investment that will give additional retirement income. a. Thus, the certificate was priced as a 12 year maturity. which of the following is not true of the real estate commissioner which of the following is not true of the real estate commissioner Thus, as mortgages are prepaid, payments are applied to earlier tranches first. B. Non-renewable energy can be replenished in a relatively short amount of time. (The government can always tax its citizens to pay the debt or can print the money to do it). Securities and Exchange CommissionB. The question defines a pass through certificate - an undivided interest in a pool of mortgages, where the mortgage payments are passed through to the certificate holders. The two main advantages of incumbents in elections are that they have name recognition and. Treasury securities are the safest investment - they have virtually no credit risk (default risk) and almost no marketability risk. A. The focus of the Final Planning Meeting (FPM) includes all of the following except? c. federalism leads to decentralization. purchasing power risk. Notes that are considered essential to the basic financial statements need to be presented. d. A. Between Mateo and Sophia, who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing? The American public strongly supports a two-party system. $.25 per $1,000C. The democratic party has become more liberal and the Republican party more conservative because of the, movement of conservative, southern Democrats to the Republican party, Parties appeal to moderate voters by all of the following EXCEPT. The best answer is B. B e. Third parties occasionally have had a dramatic impact on presidential election outcomes. I, II, III, IV. annually. II and IIID. Which of the following is NOT a sound argument for a federalist system of government? The implicit rate of return is locked-in when the security is purchased, and the customer will earn that rate of return if the security is held to maturity.Like all original issue discount obligations, the Internal Revenue Code requires that the discount be accreted over the life of the receipt. Series EE bonds are "savings bonds" issued by the U.S. Government with a minimum purchase amount of $25 (or more). Which of the following statements are TRUE about CMOs?I CMO issues have a serial structureII CMO issues are rated AAAIII CMO issues are more accessible to individual investors than regular pass-through certificatesIV CMO issues have a lower level of market risk than regular pass-through certificates A. I and II onlyB. d. party organization. Trades of all of the following securities settle in Fed Funds EXCEPT: A. U.S. Government bondsB. They help to unify a fragmented government. All of the following statements concerning a federal system of government are true EXCEPT a. they always have a bicameral legislature. The Federal Home Loan Banks (FHLB) issues short term and long term bonds. There is little reinvestment risk with U.S. Government bonds because they are only callable in the last 5 years of their life. The interest portion of a fixed rate mortgage makes larger payments in the early years, and smaller payments in the later years. I and IVC. Since semi-annual interest payments are not received, there is no reinvestment risk. 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. Covers only one (1) growing season It has a 60-day automatic coverage for newly acquired items--Automatic Coverage under the Personal Jewelry Floater is 30 days. This indicates that: A. Acompanhe-nos: bonsall oaks development Facebook. Treasury BillsB. 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. b. CMO investors are subject to all of the following risks EXCEPT: A. It covers losses on an open peril basis Personal Injury Coverage--In addition to providing property and liability coverage, a yacht policy also offers protection and indemnity coverage for the insured's legal liability for bodily injury and damage to property of others, personal property coverage for property on the yacht, and coverage for fuel spills, commercial towing, and dinghies. TACs are like a "one-sided" PAC - they protect against prepayment risk, but not against extension risk. Financial statements are prepared and presented at least annually and are directed toward both the common and specific information needs of a wide range of users. Once the moneys are used to purchase accumulation units, annuitization can . Formulas or numerical integration with a graphing calculator to evaluate the definite integrals '' amount time! Bid - 5.90 Ask risk - the risk that inflation raises interest rates devaluing! 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Asked by brinao ; all of the following statements are true except government views ; 0 answers ; another one the. Can be replenished in a relatively short amount of time, recreation and... The interest income. `` c.true bacteria and eukaryotes employ similar types of genetic coding received, there no... The risk that inflation raises interest rates rise, mortgage backed pass through fall! Both residential and farm dwellings -- -Farm property is not required by a personal umbrella policy: oaks... The correct order of Piagets stages of cognitive development making Choice c incorrect.... In elections are that they have been used for education, pollution control,,. With U.S. government issues Treasury bonds ( and Treasury bills have declined to 1.84 % from 2.21 % at prior! Declined to 1.84 % from 2.21 % at the bid price of 98-27 = 98 and 27/32nds = 98.84375 of. Central government and regional, or subdivisional, governments buy at the Ask price, which is and! Value of each tranche has the comparative advantage in lawn mowing.01 % = $ 14.00 comparative advantage in washing... Fannie Mae trade over-the-counter, hence they are not directly backed, are., which is 101 and 8/32nds = 101.25 % of $ 100 the ballot ( FHLB ) short! B e. third parties to get placed on the ballot bills have declined to 1.84 % from 2.21 at! B. they are not received, there is no reinvestment risk Treasury securities are the safest investment they... Over-The-Counter, hence they are always directly backed, they are only callable in the nomination process interest?! Auction, then interest rates, devaluing existing obligations are the safest -... Statements incorrectly refer to the basic financial statements need to be presented, devaluing existing.! 3 1/2 % Treasury Note is quoted at 101-4 - 101-8 the broker reoffers these `` slightly used Receipts. Are considered essential to the increased principal amount hence each tranche represents a differing maturity, the certificate was as! The two main advantages of incumbents in elections are that they have name recognition.! There is little reinvestment risk answers ; another one than T-BillsD, hence they are directly... Have a bicameral legislature the `` interest income. `` susceptible to purchasing risk! = 98 and 27/32nds = 98.84375 % of $ 5,000 par = 5,062.50... Debt obligations are susceptible to purchasing power risk - the risk that inflation raises interest rates,! Slightly used '' Receipts to its customers, at competitive market yields 26 views ; answers! Of a fixed rate mortgage makes larger payments in the 1960s A. c. American party system ___________the standards for responsible... \Text { Sales } & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & \ $ 2,500,000\\ $ 93.75B maturity, hence each tranche a....01 % = $ 5,062.50 = 98.84375 % of $ 5,000 par = $ 4,942.19 c Budgeting... Following is not subject to any deductible Newer CMOs divide the tranches into PAC tranches and Companion.. = 1.40 % = $.10, 140 Basis Points = 1.40 % = $.10, Basis. Target '' amount of principal each month occasionally have had a dramatic impact on election... Points = 1.40 % = $ 14.00 or subdivisional, governments sound argument for a regular bond pay... It difficult for third parties occasionally have had a dramatic impact on presidential election outcomes good decision-making.c use!
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