The repurchase agreement market was an important ingredient of the Great Recession because:
a. It is the market on which mortgages are repurchased, and, due to the Great Recession, this market dried up.
b. It is the market on which many companies finance their daily working capital needs and, due to the Great Recession, this market dried up.
c. Many repurchase agreements were with subprime mortgages, and few investors would purchase them.
d. All of the above.
.B
Economics
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What will be an ideal response?
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