1. Which of The over-the-counter (OTC) market is
1) a market where smaller, unlisted securities are traded
2) a market in which low risk-high return securities are traded
3) a highly liquid market as compared to NASDAQ
4) an organized market in which all financial derivatives are traded
2. Which of the following is true of mortgage-backed securities?
1) Mortgage-backed securities are guaranteed by the U.S. government.
2) Mortgage-backed securities can only be purchased by investment banks.
3) Mortgage-backed securities assure a flat 15% return.
4) Mortgage-backed securities represent claims on the cash flows generated by a pool of