The U.S. furniture manufacturing industry is not yet greatly challenged by foreign competitors

In the context of mortgage-backed securities, a conditional prepayment rate (CPR) of 8% means that approximately 8% of an outstanding mortgage pool balance at the beginning of the year will be prepaid:

A. in the current month. B. by the end of the year. C. Over the life of the mortgages.

Which of the following forms of countertrade does not require use of money or credit between parties?

A) barter B) switch trading C) offset D) compensation trading E) none of the above