To Put into Perspective the Amount of Residential Mortgage Debt

question 9

Multiple Choice

To put into perspective the amount of residential mortgage debt outstanding, it is useful to compare this market to other prominent sources of available debt. Listing the issuer with the largest amount of debt outstanding first, which of the following choices best depicts the relative rank ordering amongst the major sources of outstanding debt in the U.S. as of the end of 2015?

• A) Residential mortgage debt, marketable U.S. government bonds, corporate bonds, consumer credit
• B) Marketable U.S. government bonds, residential mortgage debt, corporate bonds, consumer credit
• C) Corporate bonds, marketable U.S. government bonds, residential mortgage debt, consumer credit
• D) Consumer credit, residential mortgage debt, marketable U.S. government bonds, corporate bonds

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Definitions:

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