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The Major Wave of Defaults on Home Mortgages in 2007

Question 54

Multiple Choice

The major wave of defaults on home mortgages in 2007 destabilized


A) only the banks that directly made the mortgage loans.
B) only the mortgage brokers, not the commercial banks.
C) many banks, including those that made the loans indirectly.
D) mostly large banks, but not too many small ones.

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