3. Many bank loans, especially home mortgages, are securitized. Securitization increases the funds available for loans and

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3. Many bank loans, especially home mortgages, are securitized. Securitization increases the funds available for loans and allows banks to eliminate default risk on their loans. LOP8

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Macroeconomics And The Financial System

ISBN: 9781429253673

1st Edition

Authors: N. Gregory Mankiw, Laurence Ball

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