What is the difference between a mortgage and a mortgage-backed security ? A. Mortgages are loans, whereas mortgage-backed securities are bond-like debt instruments. B. Mortgages are usually used to create a portfolio, whereas mortgage-backed securities are held separately. C. No interest is paid on mortgage-backed securities, whereas interest and principal payments are paid on mortgages. D. Mortgages are provided to households or firms, whereas mortgage-backed securities are provided mainly to financial institutions
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