Which of the following is/are true about the Sub-Prime Crisis? (1) It is a mortgage crisis referring to credit default by the borrowers. (2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers. (3) This crisis originated because of negligence in credit rating of the borrowers.
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Explanation:
It is a mortgage crisis referring to credit default by the borrowers. B. Sub-Prime borrowers were those borrowers who were rated low and were high-risk.
Answer:
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