Banks lost trillions of dollars when the housing bubble collapsed because:
A) many borrowers defaulted on their mortgages.
B) many large banks held massive quantities of mortgage-backed securities.
C) most of their customers had to close their accounts due to foreclosures.
D) Both A and B are correct.
Correct Answer:
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Q85: Foreclosure is when a:
A) bank takes ownership
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A) GDP
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