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The lesson from the credit crisis of 2007-2009 is that securitized assets and credit default swaps are: A. Complex financial instruments B. Possible to set

The lesson from the credit crisis of 2007-2009 is that securitized assets and credit default swaps are:

A.

Complex financial instruments

B.

Possible to set in motion a financial contagion or panic that cannot be easily stopped without active government or central bank intervention

C.

All of the other responses are correct

D.

Affected by cyclically sensitive markets in which financial problems may spread and result in a financial contagion

E.

Difficult to correctly value and measure in terms of risk exposure

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