A(n)________ cash flows come from the cash flows of underlying financial securities.

Question

Quizplus · Accepted Answer

Asset-backed securities have cash flows that come from the underlying financial securities, such as mortgages, car loans, or credit card receivables. General obligation securities, revenue bonds, and double-barreled bonds are all types of municipal bonds that derive their cash flows from government entities rather than underlying financial securities.

A(n)________ Cash Flows Come from the Cash Flows of Underlying