To put into perspective the amount of residential mortgage debt outstanding, it is useful
to compare this market to other prominent sources of available debt. Listing the issuer
with the largest amount of debt outstanding first, which of the following choices best
depicts the relative rank ordering amongst the major sources of outstanding debt in the
U.S. as of the end of 2011?
A. Residential mortgage debt, marketable U.S. government bonds, corporate bonds,
consumer debt
B. Marketable U.S. government bonds, residential mortgage debt, corporate bonds,
consumer debt
C. Corporate bonds, marketable U.S. government bonds, residential mortgage debt,
consumer debt
D. Consumer debt, residential mortgage debt, marketable U.S. government bonds,
corporate bonds
Contracts for sale may contain sections that cause implementation of the contract to
depend on the successful completion of some prior action such as the buyer's ability to
obtain financing on specified terms. This type of contract is commonly referred to as
a(n):
A. contract assignment
B. equitable title
C. contract with contingencies
D. uniform settlement statement