题目
Which type of asset-backed security is not affected by prepayment risk?
选项
A.Auto loan ABSs
B.Residential MBSs
C.Credit card receivable ABSs
答案
C
解析
： C is correct. Because credit card receivable ABSs are backed by non-amortizing loans that do not involve scheduled principal repayments, they are not affected by prepayment risk. A is incorrect because auto loan ABSs are affected by prepayment risk since they are backed by amortizing loans involving scheduled principal repayments. B is incorrect because residential MBSs are affected by prepayment risk since they are backed by amortizing loans involving scheduled principal repayments. ： C是正确的。由于信用卡应收账款资产负债表由不涉及定期本金偿还的非摊销贷款支持，因此不受提前还款风险的影响。 A是不正确的，因为汽车贷款资产负债表受到提前还款风险的影响，因为它们由涉及定期本金偿还的分期偿还贷款支持。 B是不正确的，因为住房抵押贷款证券受到提前还款风险的影响，因为它们由涉及定期本金偿还的分期偿还贷款支持。