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Question by sweetie pie: a package of nontraded financial instruments can be transformed into a traded financial instrument through the
process of?
a. collateralization
b. repurchasing
c. underwriting
d. securitization
Best answer:
Answer by MuaRung
d. securitization.
Securitization is the process of homogenizing and packaging financial instruments into a new fungible one. (Fungible means being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.)
http://en.wikipedia.org/wiki/Securitization
Add your own answer in the comments!
