Multiple Choice
During 1979-2005, the mortgage default rate
A) was less than the foreclosure rate.
B) soared to more than 5 percent during recessions but declined sharply during economic expansions.
C) soared to more than 5 percent during expansions but declined sharply during economic recessions.
D) was generally between 1 and 2 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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