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Basic Question 0 of 18

During the lockout period, the cash flow for a credit card receivable-backed security contains ______ collected from borrowers.

I. interest
II. fees
III. scheduled principal payments
IV. principal repayments
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User Contributed Comments 3

User Comment
chessdude Principal is reinvested, that's what means "lockout".
cuban Borrowers can pay back principal along with interest. Its the investors who do not receive the principal payments during the lockout period.
StJohnDale Agreed
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Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

compare classical growth theory, neoclassical growth theory, and endogenous growth theory;

explain and evaluate convergence hypotheses;

describe the economic rationale for governments to provide incentives to private investment in technology and knowledge;

CFA® 2025 Level II Curriculum, Volume 1, Module 9.