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05 Credit default swaps contributed to the crisis in all the following reasons except: Financial institutions relied heavily on credit default swaps to protect themselves
05 Credit default swaps contributed to the crisis in all the following reasons except:
Financial institutions relied heavily on credit default swaps to protect themselves from default risk. | ||
Credit defaults swaps relaxed the lending standards of banks. | ||
Banks used credit default swaps and securitization to shift risks off their balance sheet. | ||
All of the above are true. |
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