Banks were not worried about making mortgage loans to subprime borrowers because they thought that having the house as collateral protected them from losing money if the borrower defaulted.
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Q117: Adjustable-rate mortgages
A) are mortgages whose interest rates
Q118: The risk of highly leveraged investments is
Q119: The 2007-2009 recession was _ the previous
Q120: The long-run Phillips curve
A) is downward sloping,
Q121: Country X is practicing expansionary monetary policy.
Q123: The United States underwent _ throughout most
Q124: A financial instrument backed by a collection
Q125: Which of these is NOT a way
Q126: One cannot understand the debt obligations stemming
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