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2. Explain what it is a mortgage backed security (MBS) and how it is functions. Discuss how these securities caused 2008 USA financial crisis? Note:

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2. Explain what it is a mortgage backed security (MBS) and how it is functions. Discuss how these securities caused 2008 USA financial crisis? Note: Your answers should be detailed with proper references. 3. Ahmad as a financial advisor has given you the following advice. Long term bonds are the greatest investment because their interest rate is over 20%. Is Ahmad, necessarily right? Justify your answer. Note: Your answers should be detailed with proper references

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