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The Term "Subprime Mortgage Crisis" Refers to

Question 18

Multiple Choice

The term "subprime mortgage crisis" refers to


A) mortgage companies issued mortgages to blue-collar and other consumers who would not have qualified for them a decade ago.
B) consumers was made to believe they would need merely to sell their homes and pocket the profits if they could not afford their mortgages.
C) consumers own houses that were worth far less than the mortgages that had financed them.
D) All of these are correct.

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