Question: 1 Explain the difference between a bid price and an asked price and also explain why the prices are different. (300 words) Explain what it

 1 Explain the difference between a bid price and an asked

1 Explain the difference between a bid price and an asked price and also explain why the prices are different. (300 words) Explain what it is a mortgage backed security (MBS) and how it is functions. Discuss how these securities caused 2008 USA financial crisis?( 300 words )

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