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Which of the Following Was a Major Problem with Subprime

Question 1

Multiple Choice

Which of the following was a major problem with subprime mortgages?


A) Housing costs remained low, making home ownership unattractive .
B) The risk of defaults on these mortgages was higher .
C) These mortgages were rarely offered by banks .
D) The mortgages were limited to only the wealthiest borrowers .
E) Banks made little money off of them, causing them to raise other fees .

Correct Answer:

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