Free CFE Exam Braindumps (page: 22)

Page 22 of 105

For the seller in a _agreement, a liability is recorded for the amount of proceeds of the sale and the sold mortgage-backed securities are not removed from the accounting records.

  1. investment income
  2. dollar reverse repurchase
  3. dollar-resale payment
  4. resale interest income

Answer(s): B



What are corporate obligations considered having a higher default risk and a lower credit rating?

  1. corporate bonds
  2. municipal bonds
  3. junk bonds
  4. taxation bonds

Answer(s): C



The bonds, which are backed by the full faith and credit of the issuing body is called:

  1. General obligation bonds
  2. loan-backed bonds
  3. structured bonds
  4. revenue bonds

Answer(s): A



Insurance companies sometimes issue instruments that have the characteristics of both debt and equity; these instruments are commonly referred to as:

  1. General notes
  2. Domiciliary notes
  3. Long-term bond notes
  4. surplus notes

Answer(s): D



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sena commented on May 31, 2019
I will see if this helps
TURKEY
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