Why Were CDSs Based on Residential Mortgages Developed and Why

question 13

Essay

Why were CDSs based on residential mortgages developed and why did they fail?

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Definitions:

Average Student

A term used to describe a student who achieves scores within the mid-range of the grading scale, neither excelling nor falling behind academically.

Random Sample

An ensemble of people picked from a bigger collection, where every member stands an equal opportunity to be chosen.

Mean Annual Salary

The average yearly earnings of employees in a particular job, sector, or region.

Confidence Interval

A depot of values, based on statistical sample analysis, envisaged to contain the value of a yet-to-be-discovered population parameter.