Subprime mortgage loans refer to:
A) low-interest rate loans by financial institutions to home buyers with higher-than -average credit risk.
B) high-interest rate loans by financial institutions to home buyers with higher-than -average credit risk.
C) high-interest rate loans by financial institutions to home buyers with no credit risk.
D) high-interest rate loans by financial institutions to home buyers with lower-than -average credit risk.
Correct Answer:
Verified
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