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ll. A credit default swap is: a) a fancy term for a low-risk bond. b) an insurance policy on the default risk of a federal

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ll. A credit default swap is: a) a fancy term for a low-risk bond. b) an insurance policy on the default risk of a federal government bond or loan. c an insurance policy on the default risk of a corporate bond or loan. d) an insurance policy on the default risk of federal government and corporate bonds and loans. e) None of the options

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