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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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