Multiple Choice
Which of the following is FALSE about the mortgage-backed securities?
A) many of them were purchased by financial investors who had no idea how risky they were
B) they were marketed as virtually risk-free even though they were actually very risky
C) in principle they spread risk more widely and allow banks to make more loans
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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