To the Extent That Risky Mortgage-Backed Securities That Were Sold

question 58

Multiple Choice

To the extent that risky mortgage-backed securities that were sold to buyers who were not fully aware of the risks contributed to the U.S. financial crisis of 2008-2009, blame for this action lies with:

• A)homebuyers.
• B)mortgage brokers.
• C)investment banks.
• D)the Federal Reserve.

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Definitions:

Supervision

The act of overseeing or managing activities and people to ensure that tasks are performed effectively and according to established policies and procedures.

Commuting

The action of traveling from one's home to their place of work or study and back again.

Systems Development

The process of creating and maintaining information systems, including hardware, software, network, and data components, tailored to meet organizational needs.

Budgeting

The process of creating a plan to spend your money, allocating specific amounts to various needs, savings, and desires.