Recent problems facing the U.S. financial system were the result of all but which one of the following? a. An increase in the use of commercial paper for short-term financing b. The government permitting commercial and investment banks to merge c. A huge drop in the value of mortgage-backed securities d. A huge increase in the amount of mortgage-backed securities being bundled up and sold in the markets

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The recent problems facing the US financial system were not the result of option c a huge d... View the full answer