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Basic Question 0 of 9
Even if an asset-backed security is guaranteed by an insurer, it is still subject to credit risk because ______
II. the loss can be higher than the insured amount.
III. the insurer can be downgraded.
IV. the issuer of the security can be downgraded.
I. the insurer can default.
II. the loss can be higher than the insured amount.
III. the insurer can be downgraded.
IV. the issuer of the security can be downgraded.
User Contributed Comments 3
| User | Comment |
|---|---|
| danlan2 | Where can I get this? |
| mazen1967 | from this los |
| rhardin | Read the notes. |
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
describe types and characteristics of residential mortgage-backed securities, including mortgage pass-through securities and collateralized mortgage obligations, and explain the cash flows and risks for each type
CFA® 2026 Level I Curriculum, Volume 4, Module 19.