金融市场与机构 (12)

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1、Chapter12TheMortgageMarkets155Chapter12TheMortgageMarketsnMultipleChoiceQuestions1.Whichofthefollowingareimportantwaysinwhichmortgagemarketsdifferfromthestockandbondmarkets?(a)Theusualborrowersinthecapitalmarketsaregovernmententitiesandbusinesses,whereastheus

2、ualborrowersinthemortgagemarketsareindividuals.(b)Mostmortgagesaresecuredbyrealestate,whereasthemajorityofcapitalmarketborrowingisunsecured.(c)Becausemortgagesaremadefordifferentamountsanddifferentmaturities,developingasecondarymarkethasbeenmoredifficult.(d)A

3、lloftheaboveareimportantdifferences.(e)Only(a)and(b)oftheaboveareimportantdifferences.Answer:D2.Whichofthefollowingareimportantwaysinwhichmortgagemarketsdifferfromstockandbondmarkets?(a)Theusualborrowersincapitalmarketsaregovernmententities,whereastheusualbor

4、rowersinmortgagemarketsaresmallbusinesses.(b)Theusualborrowersincapitalmarketsaregovernmententitiesandlargebusinesses,whereastheusualborrowersinmortgagemarketsaresmallbusinesses.(c)Theusualborrowersincapitalmarketsaregovernmententitiesandlargebusinesses,where

5、astheusualborrowersinmortgagemarketsaresmallbusinessesandindividuals.(d)Theusualborrowersincapitalmarketsarebusinessesandgovernmententities,whereastheusualborrowersinmortgagemarketsareindividuals.Answer:D3.Whichofthefollowingaretrueofmortgages?(a)Amortgageisa

6、long-termloansecuredbyrealestate.(b)Aborrowerpaysoffamortgageinacombinationofprincipalandinterestpaymentsthatresultinfullpaymentofthedebtbymaturity.(c)Over80percentofmortgageloansfinanceresidentialhomepurchases.(d)Alloftheabovearetrueofmortgages.(e)Only(a)and

7、(b)oftheabovearetrueofmortgages.Answer:DChapter12TheMortgageMarkets1554.Whichofthefollowingaretrueofmortgages?(a)Amortgageisalong-termloansecuredbyrealestate.(b)Borrowerspayoffmortgagesovertimeinsomecombinationofprincipalandinterestpaymentsthatresultinfullpay

8、mentofthedebtbymaturity.(c)Lessthan65percentofmortgageloansfinanceresidentialhomepurchases.(d)Alloftheabovearetrueofmortgages.(e)Only(a)and(b)oftheabovearetrueofmortgages.Answer:E5.Whicho