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PE Exam - Questions Complete And Verified Answers Solutions.

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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...

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  • August 8, 2024
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  • 2024/2025
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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

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