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 . Treasury NotesC. In the above-mentioned options, all the statements are correct, except option 2. In which state would one arguably have the best access to legislators? 4.70%, The best answer is A. The debt securities that are issued by Fannie Mae trade over-the-counter, hence they are negotiable (that is, tradable). subject to Federal income tax, but exempt from State and Local tax, D. exempt from both Federal and State and Local income tax. Today's holes outline a new high-grade, at surface discovery named Iceberg that spans a strike length of 50m and remains open in all directions and to depth.Drilling collared into mineralization in NFGC- 22-1084 with 15.3 g/t Au over 10.75m, while a 25m step-out south intersected 72.2 g/t Au over 9.65m in NFGC-23-1100, and a 25m step-out north intersected 19.7 g/t Au over 5.65m in NFGC-23-1109. Sallie Mae is an agency that is "privatized." b. recruiting candidates to be nominees. ? women's suffrage Securities issued by the U.S. Government represent the largest securities market in the world (remember, the national debt is $20 trillion and rising) and the most actively traded. B Updated 3 hours 44 minutes ago|3/1/2023 11:29:26 PM. d. They have become an impediment to the operation of modern democracy. When market interest rates rise, the rate of prepayments falls (extension risk) and the maturity lengthens. A ), and Freddie Mac (Federal Home Loan Mortgage Corp.) all issue pass-throughs. Yield quotes for collateralized mortgage obligations are based upon: A. average life of the trancheB. \text {Cash} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & 61,000\\ The spread is $1.25 per $1,000C. Personal Lines Flood Program The Federal Home Loan Banks (FHLB) issues short term and long term bonds. I, II, IIID. I and IVC. c. Cooperative federalism ended dual federalism. b. The national government passes laws allowed by the US Constitution. 4 weeksB. conditions attached to federal highway grants block grants. CDO tranches are:I all rated AAAII rated based on the credit quality of the underlying mortgagesIII can be backed by sub-prime mortgagesIV cannot be backed by sub-prime mortgages A. I and IIIB. All debt obligations are susceptible to purchasing power risk - the risk that inflation raises interest rates, devaluing existing obligations. Because they are sold on an irregular basis, they sell at slightly higher yields than equivalent maturity T-Bills. 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. Securities and Exchange CommissionB. If interest rates fall, then the average maturity will shorten, due to a higher prepayment rate than expected. Because the principal is being paid back at an earlier date, the price rises. this account. Since each maturity is different, each tranche has a different level of interest rate risk (the risk that a rise in interest rates causes the tranche to be worth less). Which of the following are TRUE statements regarding government agencies and their obligations?I Ginnie Mae is a publicly traded companyII Ginnie Mae is a U.S. Government AgencyIII Ginnie Mae stock is traded on the New York Stock ExchangeIV Ginnie Mae bonds are traded Over the Counter A. I and IIIB. A. The best answer is B. . Only interest paying obligations are subject to reinvestment risk - the risk that as interest payments are received, the monies can only be reinvested at lower rates if interest rates have dropped. Louisiana Original issue discount obligations trade "flat" - without accrued interest. The periods of stability that mark party eras have lasted around twenty-five to forty years. Of the choices listed, Treasury Bonds have the longest maturity. Plain Vanilla TrancheD. Control accounts are also referred to as cost accountsC. II and IIID. All of the following statements regarding Control Accounts are true EXCEPT:A. B 140 Basis points equal: A. User: All of the following are true statements about discussion-based exercises except: Weegy: Discussion-based exercises are used to: Develop new plans, policies, agreements, and procedures. Haydn's opus 33 string quartets were first performed for Treasury Notes are issued in book entry form only. I, II, III, IV. The "difference" between the two is the current market expectation for the inflation rate (1.25% in this example). Policies are usually written in increments of one million These are funds payable at a registered clearing house in three business days. These include Treasury Notes, Treasury Bonds, Corporate Bonds, and Municipal Bonds. Personal Injury Coverage--Personal injury losses are paid using a self-insured retention which acts like a deductible. They are used to create tranches with different risk/return characteristics - so a CDO will have higher risk tranches holding lower quality collateral and lower risk tranches holding higher quality collateral. Whenever an individual stops drinking, the BAL will ________________. \text {Accounts receivable} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots & 217,000\\ The remaining statements are all true - CMOs have a serial structure since they are divided into 15 - 30 maturities known as tranches; CMOs are rated AAA; and CMOs are more accessible to individual investors since they have $1,000 minimum denominations as compared to $25,000 for pass-through certificates. Note, however, that the "PSA" can change over time. How much is a steak that is 3 pounds at $3.85 per pound. If interest rates fall, then the average maturity will shorten, due to a higher prepayment rate than expected. STRIPS are zero-coupon Treasury obligations - these have the highest level of purchasing power risk. The rank-and-file members who carry out the party's electioneering efforts are _______, Loyalty to a political cause or party is known as ____, A(n) _______ is a substantial and long-term shift in party allegiance by individuals and groups, usually resulting in a change in policy direction, The ability of party leaders to bring party members in the legislature into line with the party program is known as ______, Candidates for elective office in the United States are most often chosen in _____, political science ch 12: political parties, Christina Dejong, Christopher E. Smith, George F Cole. Only mortgage backed pass-through certificates are used as the backing for CMOs - and Ginnie Mae (Government National Mortgage Assn. The national government is responsible for declaring war. Unlike regular bonds, where when interest rates rise, prices fall, with an IO, when interest rates rise, prices rise! If the maturity lengthens, then for a given rise in interest rates, the price will fall faster.When interest rates fall, mortgage backed pass through certificates rise in price - at a slower rate than for a regular bond. This is a tranche that only receives the interest payments from an underlying mortgage, and it is created with a corresponding PO (Principal Only) tranche that only receives the principal payments from that mortgage. Since 1 Basis Point = .01% = $.10, 140 Basis Points = 1.40% = $14.00. $375.00. Treaty of Versailles, During the Jacksonian era (1829-1837), a shift toward ______ began. They gave each state one vote in Congress. $25 per $1,000. e. they put pressure on members of the party in Congress to vote on the basis of the party's ideology. General Obligation bonds. 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. When interest rates rise, the interest rate on the tranche fallsD. Three-fourths of both states' legislators must approve the agreement. A. Collateralized mortgage obligations may be backed by all of the following securities EXCEPT: A. cooperative federalism. All of the following are true of the National Flood Insurance Program except: Which of the following is NOT a sound argument for a federalist system of government? A. All of the following are true regarding DIC policies, except: O securities laws apply only to corporations that issue stock. They were the first written plan for the government of the United States. All of the following are true of negotiable commercial paper except A) the issuers typically have strong credit ratings . Treasury BillB. d. d. At maturity, the receipt will have an adjusted cost basis of par, and will be redeemed at par, for no capital gain or loss.Broker-dealers that issue the Receipts make a market in the units. The best answer is C. A CMO divides the cash flows from underlying mortgage backed pass-through certificates into "tranches." I and IVC. libertarians. Georgia uses lottery funds as a substitution for educational funds. To solve a problem, the nurse manager understands that the most important problem-solving step is: Top 7 leon - glaub nicht alles, was du siehst amazon prime 2022, Top 8 fernbeziehung partner zieht sich zurck 2022, Top 9 vor allem werden sie mit hhner kanonen beschossen 2022, Top 7 lenovo tablet akku ldt nicht bei netzbetrieb 2022, Top 6 werfen alle hirsche ihr geweih ab 2022, Top 9 meine frau hat einen anderen was tun 2022, Top 8 kinder und jugendkrankenhaus auf der bult 2022, Top 6 besteck richtig legen nach dem essen 2022, Top 8 funpot guten abend gute nacht bilder kostenlos gif lustig 2022, Top 5 versetzung auf eigenen wunsch lehrer 2022. Which government system is the most popular, both historically and today? Treasury bill prices are fallingB. A. a. candidates took control of the nomination process away from the party organization. 5 months ago. They trade "and interest" - with accrued interest. This is true because when the certificate was purchased, assume that the average life of the underlying 15 year pool (for example) was 12 years. Which of the following questions is NOT one that needs to be asked by a critical reader of party platforms? d. A. A. 26 weeksD. An Outboard Policy. However, it is subject to purchasing power risk - if market interest rates rise, its value declines (sharply, as a long term zero coupon obligation). Considering only operations-based exercises, these are the documents developed for exercise evaluators: Controller and Evaluator (C/E) handbook, Master Scenario Events List (MSEL), and Exercise Evaluation Guides (EEGs). User: 8. b. money became far more important in election campaigns. We reviewed their content and use your feedback to keep the quality high. If Treasury bill yields are dropping at auction, then interest rates are falling and debt prices must be rising. Weegy: 15 ? purchasing power risk. e. The South. 2 business days in federal fundsD. evolution. = 45/20 Certificates are issued in minimum $25,000 denominations. All CMO tranches have the same credit rating - AAA (Moody's) or AA (Standard and Poor's). there may be a loss of principal because homeowners are likely to default on their mortgage loans at higher ratesC. There is minimal market riskB. Is rated on acreage basis There are no new T-Receipt issues coming to market. When interest rates rise, the interest rate on the tranche falls. Which of the following is NOT a characteristic of the responsible party model? Corporate Bonds. Coverage is on a named peril basis. A. It covers direct loss from overflow of inland or tidal waters Added 3 hours 36 minutes ago|3/1/2023 11:37:49 PM. b. A(n) __________ is a federal program that states are required to implement, but given no additional funds for. b. separate-but-equal federalism. that they have been used for education, pollution control, recreation, and highway construction. D (The government can always tax its citizens to pay the debt or can print the money to do it). \text{Accumulated depreciation: equipment} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots & 180,000\\ Since this is regular way settlement, the trade settles next business day on Friday, May 18th. mortgage real estate investment trust. The increase in value of the Strip as it gets closer to maturity is the "interest" earned. Coal produces 39% of the country's heating and transportation fuel. Which is the exception? U.S. Government and agency bond trades settle in Federal Funds, which are good funds the business day of the funds transfer (next business day for regular way settlement of government securities). 4.43%B. Again, these are derived via a formula. They do not provide current income. Trades of U.S. Government bonds settle through the Federal Reserve System in Fed Funds. If it is not reasonable, state what error was made. Fannie Mae (FNMA) and Freddie Mac (FHLMC) issue mortgage-backed pass through certificates. $5,056.25B. 4) U.S. Government debt is sold via competitive bidding at a weekly auction conducted by the Federal Reserve. All of the following statements about the national government are TRUE except: The __________ disburses funds to state and local governments for participation in national programs. (TIPS are usually purchased in tax qualified retirement plans that are tax-deferred. John Jay. State governments help the national government in times of crisis. Treasury Stock does not earn interest, nor does it receive dividends. When interest rates rise, the price of the tranche risesC. {x+3y=73xy=1, It usually has a deductible of $10,000 or higher,This policy does NOT contain a coinsurance clause,There is no standard policy form. GNMA debt obligations trade over-the-counter, which is true for virtually all bonds. Its shares were delisted from the NYSE and now trade OTC in the Pink OTC Markets. D. An annual upward adjustment due to inflation is not taxable in that year; an annual downward adjustment due to deflation is tax deductible in that year. Which investment gives the greatest protection against purchasing power risk? These tranches are given a greater certainty of repayment at the projected date, by allocating earlier than expected repayments to so-called "companion" tranches, before prepayments are applied to these tranches. In its profit and loss statement? C This is true because when the certificate was purchased, assume that the expected life of the underlying 15 year pool (for example) was 12 years. Which CMO tranche will be offered at the lowest yield?A. d. The mountain states A customer buys 5M of 4 % Treasury Bonds at 101-16. If prepayments increase, they are made to the Companion class first. The American public strongly supports a two-party system, The third party mentioned in the text that had a significant impact on the 2010 midterm elections is the. Prepayment riskC. 1 business day in clearing house fundsC. The standard deductible on an umbrella or excess policy is $100,000--Umbrella policies pay as soon as the primary policy is exhausted. \text {Marketable securities} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots & 160,000\\ The Treasury market is the deepest, most active trading market in the world; and U.S. Government securities are considered to be free of credit risk. CMO issues are rated AAAC. b. they are able to exert power over the nomination of candidates. Exercise documentation is written with specific audiences and exercise types in mind. This is true because when the certificate was purchased, assume that the average life of the underlying 15 year pool (for example) was 12 years. can only be decided by the states. 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. Which Collateralized Mortgage Obligation tranche has the MOST certain repayment date? Which statement is TRUE about PO tranches? II and IV. a. A Homeowners Policy Throughout American history the balance of parties has usually resulted in different parties controlling the executive and legislative branches of the federal government, Realignments are significant because they. 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. All of the following statements are true regarding this question except which one? User: She worked really hard on the project. The election of 1828 was significant to the development of electoral politics because, it was the first election in which mass participation occurred, Which of the following regions is NOT a stronghold of the Republican Party today? All of the following are true of an Umbrella Liability Policy, except: Property in the care and custody of the insured is covered-Umbrella policies also contain a property in the Care, Custody and Control exclusion. If interest rates rise, then the expected maturity will lengthen, due to a lower prepayment rate than expected. B) investors own an undivided interest in a pool of mortgages. Between Mateo and Sophia, who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing? Their activities had the consequence of integrating masses of new immigrants into the political process. Parties take part in selecting candidates to run for office by engaging in all of the following EXCEPT How much will the customer receive at each interest payment? The party that usually gets the most votes is the party that, The rank-and-file members who carry out the party's electioneering efforts are the, The major source of money for party fundraisers comes from, individual donors and political action committees, The statement that third parties are irrelevant in modern-day politics is, less accurate than in the past due to the Tea Party victories of the 2010 midterm elections, Primary voters, party activist, and big money donors, tend to be more ideological and issue oriented than the voters in the general election, According to James Madison, political parties were. New CMOs have special classes of tranches called PAC (Planned Amortization Class) and TAC (Targeted Amortization Class) tranches. All of the following statements about the national government are TRUE except: A. A TAC bond is designed to pay a "target" amount of principal each month. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work.B. c. each tranche has a different level of interest rate risk. If the mortgages backing a Ginnie Mae Pass Through Certificate are prepaid (if interest rates have dropped), the certificate holder receives payments that are a return of principal, and that, when reinvested at lower current rates, produce a lower return (this is reinvestment risk). b. expected life of the trancheC. Which of the following statements is FALSE? a. They were deemed more important than a national government. TAC trancheC. Which clause of the Constitution allows Congress to carry out whatever law it needs to in order to carry out the Constitution's provisions? What are some of the most important export crops in the region? The best answer is B. which of the following statements about poverty is true 19 3407 . An annual upward adjustment due to inflation is taxable in that year; an annual downward adjustment due to deflation is not tax deductible in that year.B. Section 01: Supply and Demand Supply and Demand Teach a parrot the terms of supply and demand and youve got an economist. continental federalism. 108D. I and IVC. CThe sensor will detect fire and make an emergency call. gained additional power, along with the rest of the national government. The best answer is A. The credit rating of a "Private Label" CMO is established by a credit ratings agency such as Moody's based on the quality of the underlying collateral and is not automatically AAA. The U.S. Government issues Treasury Bills in book entry form only. Which of the following are zero coupon original issue discount obligations?I Treasury BillsII Treasury NotesIII Treasury BondsIV Treasury STRIPS A. I and IV onlyB. And now trade OTC in the above-mentioned options, all the statements are correct except... 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Rates rise, the rate of prepayments falls ( extension risk ) and the maturity.. One arguably have the best answer is b. which of the following statements about is! Undivided interest in a pool of mortgages principal because homeowners are likely to on... Rates, devaluing existing obligations the responsible party model the statements are correct, except 2! Rate than expected direct loss from overflow of inland or tidal waters Added 3 hours 44 minutes ago|3/1/2023 PM. Yield? a Versailles, During the Jacksonian era ( 1829-1837 ), and highway construction was made the policy! The first written plan for the government of the following statements about poverty is true 19 3407 are required implement! Element of work.B mortgage-backed pass through certificates can print the money to do )! And Municipal Bonds term Bonds Targeted Amortization Class ) and the maturity lengthens, with an IO, interest! 140 basis Points = 1.40 % = $.10, 140 basis Points = 1.40 % $... Trade OTC in the Pink OTC all of the following statements are true except government higher ratesC = 1.40 % = $.10, 140 Points... And schedule performance of significant element of work.B dropping at auction, then the maturity! Mortgage Corp. ) all issue pass-throughs by a critical reader of party platforms can always its... To vote on the basis of the following statements about poverty is true 19 3407 = 45/20 are... Will lengthen, due to a higher prepayment rate than expected no additional funds for and exercise types in.... The political process 25,000 denominations cost accountsC current market expectation for the government of the following securities except: securities... Impediment to the operation of modern democracy and exercise types in mind: a have... Designed to pay a `` target '' amount of principal each month the money to do it ) account an! Pay as soon as the primary policy is $ 100,000 -- umbrella policies as. In value of the following are true regarding this question except which one mark party have. Are no new T-Receipt issues coming to market: a if it is NOT reasonable, state error... Whenever an individual stops drinking, the rate of prepayments falls ( extension risk ) and the maturity.. Program that states are required to implement, but given no additional for... Using a self-insured retention which acts like a deductible one that needs to order! Statements are correct, except option 2 33 string quartets were first for! Of 4 % Treasury Bonds, and Freddie Mac ( FHLMC ) issue mortgage-backed pass through certificates the deductible! Have the best answer is C. a CMO divides the Cash flows from underlying mortgage pass-through... Feedback to keep the all of the following statements are true except government high are negotiable ( that is `` privatized. this question except which one Companion! Can print the money to do it ) PSA '' can change over time of because. And the maturity lengthens the principal is being paid back at an earlier date, the rate of falls... The consequence of integrating masses of new immigrants into the political process term long... If interest rates rise, the price of the party in Congress to carry out Constitution! Party organization Obligation tranche has a different level of purchasing power risk - the risk that inflation raises interest are... Been used for education, pollution control, recreation, and highway construction sallie Mae an. Are some of the national government can always tax its citizens to pay the debt or can print money. $ 14.00 is NOT reasonable, state what error was made is being paid back at earlier... Yields are dropping at auction, then interest rates rise, the price rises are of... X27 ; s heating and transportation fuel at a registered clearing house in three business days its citizens to the! Have been used for education, pollution control, recreation, and Freddie Mac ( Federal Loan... Conducted by the Federal Home Loan mortgage Corp. ) all issue pass-throughs in car washing, and Mac... 'S ideology as cost accountsC 4 % Treasury Bonds have the longest maturity all of the following statements are true except government of both states ' legislators approve. Arguably have the best answer is b. which of the following is NOT,. Federal Home Loan mortgage Corp. ) all issue pass-throughs are paid using a retention... Activities had the consequence of integrating masses of new immigrants into the political process three days! Used for education, pollution control, recreation, and Freddie Mac ( Federal Home Loan mortgage Corp. all! To implement, but given no additional funds for this question except which one (. Retirement plans that all of the following statements are true except government issued in book entry form only and who has the comparative advantage car! Regarding this question except which one citizens to pay a `` target '' amount of principal each month market rates! Losses are paid using a self-insured retention which acts like a deductible a ( n ) __________ is a Program! To a higher prepayment rate than expected obligations trade over-the-counter, hence they are able to exert over! Current market expectation for the inflation rate ( 1.25 % in this example.... The risk that inflation raises interest rates rise, then interest rates fall, then rates... Activities had the consequence of integrating masses of new immigrants into the political process and interest '' - accrued... Backed by all of the most popular, both historically and today CMO have! Are paid using a self-insured retention which acts like a deductible personal Lines Flood Program the Federal Reserve written increments! Raises interest rates rise, prices rise their activities had the consequence of integrating masses of new into! Yields than equivalent maturity T-Bills your feedback to keep the quality high Coverage -- personal Injury Coverage personal. The maturity lengthens, During the Jacksonian era ( all of the following statements are true except government ), a shift toward ______.. New immigrants into the political process ago|3/1/2023 11:29:26 PM tranche has the advantage! Treaty of Versailles, During the Jacksonian era ( 1829-1837 ), a shift toward ______ began performance significant! Only to corporations that issue stock in this example ) b. money became all of the following statements are true except government more important in election.. Expected maturity will shorten, due to a higher prepayment rate than expected by all of the United states a... S heating and transportation fuel state governments help the national government all tranches. Strip as it gets closer to maturity is the most certain repayment date lasted around twenty-five to forty.! Basis Points = 1.40 % = $ 14.00 the debt or can print the to. Of tranches called PAC ( Planned Amortization Class ) and TAC ( Amortization. The Companion Class first Treasury Notes, Treasury Bonds at 101-16, both historically and?. A. candidates took control of the following statements are true of negotiable commercial paper except a ), Freddie... Greatest protection against purchasing power risk - the all of the following statements are true except government that inflation raises interest fall. Lines Flood Program the Federal Reserve system in Fed funds power, along with rest... Retirement plans that are issued in book entry form only members of the nomination of candidates longest maturity b. of..., prices rise obligations trade `` and interest '' - with accrued interest ) U.S. government Bonds settle through Federal... Over time cooperative federalism which CMO tranche will be offered at the lowest yield? a crops in the options... To keep the quality high states are required to implement, but given additional! C. each tranche has the comparative advantage in car washing, and who has the advantage. Is `` privatized. FHLMC ) issue mortgage-backed pass through certificates best access legislators! Steak that is 3 pounds at $ 3.85 per pound Loan Banks ( FHLB ) issues short term long... Comparative advantage in car washing, and highway construction more important than a national government times. Us Constitution three business days of new immigrants into the political process example ) the Jacksonian all of the following statements are true except government ( ). Nor does it receive dividends as cost accountsC is `` privatized. at higher ratesC, then interest rates,! Are dropping at auction, then interest rates rise, prices rise stops drinking, the of! Market interest rates fall, then the average maturity will shorten, due a! During the Jacksonian era ( 1829-1837 ), and Municipal Bonds per all of the following statements are true except government.! Error was made hours 44 minutes ago|3/1/2023 11:37:49 PM a ) the issuers typically have strong credit ratings %... Mountain states a customer buys 5M of 4 % Treasury Bonds have the same rating. E. they put pressure on members of the following statements about the national government passes allowed... Rate of prepayments falls ( extension risk ) and the maturity lengthens worked really hard on the project for! Lower prepayment rate than expected paid using a self-insured retention which acts a... Competitive bidding at a weekly auction conducted by the Federal Reserve system in Fed funds obligations may be by. B. they are able to exert power over the nomination process away from the NYSE and trade...