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A ________ Is a Securitized Financial Instrument That Is Sold

Question 22

Multiple Choice

A ________ is a securitized financial instrument that is sold to the market in tranches representing different levels of default risk.


A) guaranteed security asset (GSA)
B) mortgaged backed security (MBS)
C) credit default swap (CDS)
D) collateralized debt obligation (CDO)

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