Multiple Choice
By the height of the housing bubble in 2005 and early 2006,lenders had greatly loosened the standards for obtaining a mortgage loan,with many mortgages being granted to ________ borrowers with flawed credit histories and ________ borrowers who did not document their incomes.
A) sub-prime; "Alt-A"
B) adjustable rate; shadow-banking
C) "credit crunch"; black market
D) "fresh-start"; prime rate
Correct Answer:
Verified
Correct Answer:
Verified
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