When It Comes to Subprime Loans

When it comes to subprime loans:

A) Low-income whites living in low-income neighborhoods are more likely to have a conventional loan than high-income African Americans living in predominantly African American areas
B) Low-income African Americans in low-income neighborhoods are more likely to have a conventional loan than high-income whites living in predominantly white areas
C) There is very little difference by race, income is what matters
D) Most of the difference is due to region of the country rather than race

Correct Answer:

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