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    Exam 25: Market for Asset-Backed Securities
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    External Credit Enhancements Come in More Complicated Forms Than Internal
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External Credit Enhancements Come in More Complicated Forms Than Internal

Question 1

Question 1

True/False

External credit enhancements come in more complicated forms than internal credit enhancements and may alter the cash flow characteristics of the loans even in the absence of default.

Correct Answer:

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