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What financial product am I? I am a type of credit card that requires cardholders to make a security deposit equal to the credit limit on their account. Due to this deposit requirement, I am often a good choice for young people looking to establish their credit history.
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- Choose the correct answer:(a) While pass-throughs and CMOs remain on banks and building societies balance sheets, mortgage-backed bonds (MBBs) remove mortgages from balance sheets as forms of off-balance-sheet securitisation.(b) While pass-throughs and CMOs help banks and building societies remove mortgages from their balance sheets as forms of off-balance-sheet securitisation, mortgage-backed bonds (MBBs) normally remain on the balance sheet.(c) Pass-throughs and CMOs are the same as mortgage-backed bonds (MBBs).(d) Pass-throughs are normally issued with multiple tranches whereas CMOS are only isssud in one tranche.