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I am a financial innovation offered by some insurance companies. My innovation consists of customers paying premiums based upon selected mortgage backed securities (MBS). I

I am a financial innovation offered by some insurance companies. My innovation consists of customers paying premiums based upon selected mortgage backed securities (MBS). I pay these policy-holders for the event of when borrwers of the mortgages behind the MBS fail to repay their loans. Who am I?

a.

sweep accounts

b.

credit default swaps

c.

MMDAs

d.

Super NOW Accounts

e.

FDIC-backed bonds

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