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In the Early 2000s,laws Requiring Banks and Mortgage Brokers to Disclose

Question 127

Multiple Choice

In the early 2000s,laws requiring banks and mortgage brokers to disclose the terms of home loans:


A) failed to prevent many Americans from entering into irresponsible mortgage agreements.
B) were an example of how the government can act to solve the information asymmetry problem.
C) were so numerous and detailed that borrowers didn't read or understand the information the companies had disclosed.
D) All of these statements are true.

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