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      Question

      In a securitization, the issuer of asset-backed securities is best describes as the:

      A Special Purpose Vehicle Correct Answer Incorrect Answer
      B Seller Correct Answer Incorrect Answer
      C Servicer Correct Answer Incorrect Answer
      D Banker Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Asset-backed securities are issued by a special purpose vehicle or a special purpose entity that is created for that specific purpose.

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