100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
PE Exam - Questions Complete And Verified Answers Solutions. $12.99   Add to cart

Exam (elaborations)

PE Exam - Questions Complete And Verified Answers Solutions.

 6 views  0 purchase
  • Course
  • Nope.
  • Institution
  • Nope.

What is the difference between a treasury bond & note? - correct answer A note is less than 10 years- a bond is more than 10 years Name the 5 prohibited investments in 703.16 - correct answer Mortgage S...

[Show more]

Preview 1 out of 4  pages

  • August 8, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Nope.
  • Nope.
avatar-seller
RealGrades
PE Exam - Questions

What is the difference between a treasury bond & note? - correct answer A
note is less than 10 years- a bond is more than 10 years



Name the 5 prohibited investments in 703.16 - correct answer Mortgage
Servicing Rights,

Stripped Mortgage Backs (SMBS),

Residual interests in CMOs,

Real Estate Mortgage Investment Conduits (REMICs), Derivatives, or Small business related securities



What is the definition of convexity? - correct answer A measure of the
curvature of the relationship between the change in bond price and the change in interest rates.



What is the definition of duration? - correct answer A measure of the
sensitivity of an instrument's price to changes in yields. It is calculated as a present value-weighted time
to maturity of the cash flows from an instrument.



Within 90 days of a "critically undercapitalized" classification- what must the NCUA Board do? - correct
answer Conserve, Liquidate, or document reasoning for failing to do so.



On a critically underclassified CU- how many days until mandatory liquidation? - correct answer
180 days; however, board can veto if substantially compliant with NWRP, NI is in an upward trend and
BOD feels they will be viable.



What are the mandatory actions on credit unions designated undercapitalized and below? - correct
answer 1) Quarterly Transfers

2) NWRP

3) Limited Asset Growth

4) No additional MBLS

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller RealGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78998 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart