Before 2000, investors were reluctant to buy mortgage-backed securities because:
A) economic models predicted that they were bad investments.
B) they were illegal in many states.
C) they could not calculate the risk of losing money on mortgage-backed securities.
D) it was difficult to obtain the foreign currencies that were required for purchasing them.
Correct Answer:
Verified
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Q18: In 2000, the market for mortgage-backed securities:
A)grew
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Figure: Consumer
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Figure:
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