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In the fall of 2007, bad news emerged about house prices and default rates. This caused investors to be uncertain about the quality of MBSs
In the fall of 2007, bad news emerged about house prices and default rates. This caused investors to be uncertain about the quality of MBSs that they were thinking of buying. Evaluate the following statement: "The breakdown of the market for MBS (were called toxic assets) is an example of moral hazard"
True or false
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