Question: a) What is the difference between an asset backed security and a mortgage backed security? b) In terms of privatisation, describe in your own words

a) What is the difference between an asset backed security and a mortgage backed security? b) In terms of privatisation, describe in your own words what is a public-private partnership (PPP). Provide an example of who may be involved in a PPP and what might be the expected benefits from a PPP the various stakeholders. c) Explain the differences between various recourse and non-recourse lending and outline when each could be used in project finance
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