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underlying collateral.
B. CMOs are pools of mortgages that are divided according to the timing of cash flows.
C. CMOs are generally less risky investment than CDOs.
D. CMOs have senior tranches which are considered short-term, low-risk instruments by banks
Answer: A

NEW QUESTION: 3
The defining characteristic of a Project is that its outcomes are unique.
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B. FALSE
Answer: A


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