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Use the Following Statements to Answer This Question

Question 24

Multiple Choice

Use the following statements to answer this question:
I.Credit default swaps (CDS) are a default premium on debt issue.
II.Credit default swaps (CDS) are insurance on the default of issuers of the debt.


A) I is correct, II is incorrect
B) I and II are correct
C) I and II are incorrect
D) I is incorrect, and II is correct

Correct Answer:

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