Securitization is a new financial vehicle developed by bankers in the
QUESTION
Securitization is a new financial vehicle developed by bankers in the early 2000s to distribute risks and increase earnings during the housing bubble.
Indicate whether the statement is true or false.
ANSWER
Answer: FALSE
Explanation: Securitization was developed in 1977. It distributes risks by packaging loans together into mortgage-backed securities sold to many kinds of investors.
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