1. The difference between real estate market cycles and fluctuations can be summarized as:
a. Market
cycles are predictable and fluctuations cannot be predicted
b. Market
cycles are not predictable and fluctuations can be predicted
d. Both
market cycles and fluctuations can be predicted
e. Neither
market cycles nor fluctuations can be predicted
2. Examples of mortgage backed securities
include
a. Mortgage
pass-through
b. Mortgage-backed
bond
c. Collateralized
mortgage obligations
d. All
of the above
3. The investment market for whole
mortgage and for mortgage backed securities is the
a. Primary
mortgage market
b. Government
sponsored enterprises
c. Both
a and b
d. None
of the above
4. In a perfectly competitive market,
there would be no barriers.
True
False
5. Equilibrium in an efficient market take
a long time to establish.
True
False
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