Answer: Planned amortization class (PAC) tranches
Explanation:
The planned amortization class (PAC) is a form of CMO which is typically put I place for that risk-averse investors. It gives a principal repayment schedule that have been predetermined in as much as there are certain range for the mortgage prepayment.
It should also be noted that it has top priority and also gets principal payments which can be up to certain amount.
<u>Answer: </u>Option 2 discretionary
<u>Explanation:</u>
Spending can be mandatory spending or discretionary spending. Mandatory spending means the spending on essentials goods such as food. Discretionary spending means the spending on recreation and entertainment where people have additional money in hand after meeting their necessary expenses.
In this speech Obama speaks about the non essential expenses when they are controlled more investments can be made. He says when all the departments cut down their discretionary expenses then can result in economic growth.
It provides additional information that helps reader to identify what your writing about. Usually in the header or footer the name of the author, the name of the book, page number, document name, date and time are usually pt in the header or footer.
Hope this helps
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Explanation:
