The practice of packaging individual debts into a single uniform asset that can be easily bought and sold is called:

A. leveraging.
B. securitization.
C. federally-backed financing.
D. bundled risk.

B. securitization.

Economics

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In the 1990s, foreign direct investment had become the most important source of funds for developing countries

a. True b. False Indicate whether the statement is true or false

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On May 12, 2011, the U.S. dollar was worth 28 Russian rubles. How many U.S. dollars did it take to buy one Russian ruble?

a. 0.01 b. 0.04 c. 0.28 d. 0.40

Economics