Multiple Choice
Which of the following is not true about so-called mortgage-backed securities?
A) Before the crisis, they were believed by many banks to be a way of reducing loan risks.
B) Before the crisis, they played a major role in broadening home ownership in America.
C) They were links that spread instability across many financial institutions.
D) Their use was strongly discouraged by the Federal government.
Correct Answer:
Verified
Correct Answer:
Verified
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