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    Exam 6: Financial Markets Ii: the Extended Is-Lm Model
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    The Mortgage Is Said to Be Underwater When
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The Mortgage Is Said to Be Underwater When

Question 17

Question 17

Multiple Choice

The mortgage is said to be underwater when


A) the value of the house exceeds the value of the mortgage.
B) the house is flooded.
C) the value of the mortgage exceeds the value of the house.
D) none of the above

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