Question

The lesson from the credit crisis of 2007-2009 is that securitized assets and credit swaps:

A. are complex financial instruments.

B. are difficult to correctly value and measure in terms of risk exposure.

C. are a part of cyclically sensitive markets.

D. possible vehicles to set in motion a financial contagion that cannot be easily stopped without active government intervention.

E. All of the options are correct.

Answer

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