To put into perspective the amount of residential mortgage debt outstanding,it is useful to compare this market to other prominent sources of available debt.Listing the issuer with the largest amount of debt outstanding first,which of the following choices best depicts the relative rank ordering amongst the major sources of outstanding debt in the U.S.?
A) Residential mortgage debt,marketable U.S.government bonds,corporate bonds,consumer debt
B) Marketable U.S.government bonds,residential mortgage debt,consumer debt,corporate bonds
C) Corporate bonds,marketable U.S.government bonds,residential mortgage debt,consumer debt
D) Consumer debt,residential mortgage debt,marketable U.S.government bonds,corporate bonds
Correct Answer:
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