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In 2005, About 20% of Home Loans Were _____, Meaning

Question 21

Multiple Choice

In 2005, about 20% of home loans were _____, meaning they were loans sold to low-income people who had little chance of paying their mortgages, often under predatory terms that were especially unfavorable to the unsuspecting borrowers.


A) subprime
B) triple-A rated
C) fixed-rate
D) refinanced

Correct Answer:

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