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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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