Multiple Choice
John and Jessica recently went to a local bank for borrowing money to purchase a home. If the bank offers them a 100-percent financing and are not required to provide proof of employment or income, it would classify as the _____ from the 2000s era in the United States.
A) "liar loan"
B) mortgage-backed security
C) rating agency calamity
D) LIBOR scandal
Correct Answer:
Verified
Correct Answer:
Verified
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