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Which of the following is NOT true of Asset Back Securities? a) They were only comprised of mortgages b) They increased demand for subprime mortgages

Which of the following is NOT true of Asset Back Securities?

a) They were only comprised of mortgages

b) They increased demand for subprime mortgages

c) Their payments were divided into different tranches

d) They were issued in increasing numbers up until 2006

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