Finance
In South Carolina, a lender who packages and sells mortgages to investors as mortgage-backed securities (MBS) operates in which market?
APrimary mortgage market
BSecondary mortgage market✓ Correct
CTertiary mortgage market
DCommercial paper market
Explanation
Selling mortgages to investors as MBS occurs in the secondary mortgage market. The primary market is where lenders originate loans directly to borrowers.
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