1. What is the principal purpose of collateralized mortgage obligations?
A. They help prospective home owners borrow money to buy a house.
B. They provide liquidity to help investors purchase securities with risk structures they desire.
C. They raise revenue for government operations.
D. They offer a means by which commercial enterprises can raise capital for major projects.
2. Which is the most liquid?
A. sweeps
B. CDs
C. repos
D. bankers' acceptances