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valputin valputin
wrote...
Posts: 5754
Rep: 3 0
8 years ago
Suppose that Wells Fargo Home Mortgage sells $10 million worth of mortgage payments to GMAC in exchange for $10 million in auto loan payments. This type of transaction is called a
A) credit option.
B) credit swap.
C) credit-linked note.
D) credit default swap.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
Read 197 times
2 Replies
Our course uses > The Economics of Money, Banking and Financial Markets

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Replies
wrote...
8 years ago
A
valputin Author
wrote...
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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