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QUESTION
Credit default swaps: Are financial insurance contracts II: Provide payments to holders of bonds if they default III:
Credit default swaps:
I: Are financial insurance contracts
II: Provide payments to holders of bonds if they default
III: Are a type of credit derivative that is a combination of a bond and a credit option
Select one:
A: I only
B: II only
C: I & II only
D: II & III only
