The size of the asset-backed commercial paper market nearly doubled between 2004 and 2007 to about $1 trillion.Discuss how the subprime meltdown and collapse of the ABCP market almost led to the collapse of the money market mutual fund market as well.

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The Answer of The size of the asset-backed commercial paper market nearly doubled between 2004 and 2007 to about $1 trillion.Discuss how the subprime meltdown and collapse of the ABCP market almost led to the collapse of the money market mutual fund market as well.

The Size of the Asset-Backed Commercial Paper Market Nearly Doubled