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) 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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